Treasury technology provider Treasury Xpress has partnered with UK based financial services company Ebury, to offer an integrated on-demand solution for treasury and foreign exchange management. It aims at Ebury’s target group – small and mid-sized companies.
Statements from the two are published by industry news site TMI.
Spans all phases
”From accessing the best, most competitive rates to executing the trade and settlement through to creating the accounting entries, we have removed the cost and resource barriers associated with traditional FX trading. We have enabled our clients to reduce the cost of their FX trading programs while optimizing their treasury management operations,” says Tom Leitch, chief operating officer at Treasury Xpress.
”What we have created with our integrated solution, is a single platform where clients can handle the entire lifecycle of an FX trade.”
Trade goes straight into forecast
Without leaving the treasury management system (TMS), users will be able to book and confirm the foreign exchange trades that they perform via Ebury. When the trade is confirmed, a forecast entry is automatically generated in the TMS.