KPMG in India & IBSFINtech collaborate to provide enterprises with integrated platform for Treasury, Risk and Trade Finance Management functions

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Mumbai, October 11, 2022: – KPMG in India & IBSFINtech today announced an alliance relationship  to offer their clients a holistic suite of corporate treasury automation solutions, thus helping them to  accelerate digital transformation of their treasury function.  

Digitising the treasury function helps in building operational resilience and aids in enhancing the treasury function’s performance. The technology-driven digitalization being witnessed currently, has not  only enabled the treasury function to manage risks efficiently, but has also helped in streamlining cash  flow management, thereby competently optimizing opportunities. Organisations that do not adapt and  align their business models, and key financial practices such as treasury management with the digital revolution may lose the opportunity to be ahead of the curve. 

IBSFINtech’s configurable decision-making platform caters to end-to-end digitisation of cashflow, liquidity, treasury, risk, trade finance and supply chain finance management. Combined with KPMG in  India’s rich expertise in implementing treasury transformation assignments, the solutions are expected  to be a potent combination, offering organisations a wide range possibilities for driving business  performance. 

Rajosik Banerjee, Partner and Head – Financial Risk Management, KPMG in India says “Treasury  teams are looking to modernize their processes and improve their operational resilience. The alliance  with IBSFINtech for treasury automation will enable organisations to harness treasury technology  quickly, automate manual processes, reduce dependency on spreadsheets and legacy technology, and  improve cost efficiency. Together, we are excited to offer clients a seamless proposition, which is easy  and quick to implement, and helps in reducing cost overheads across treasury, risk and compliance.” 

“As the pace of digital transformation has accelerated across organisations globally, reinforcing the  importance of the critical and strategic corporate treasury function has never been more important. We  are thrilled to enter into this partnership formally, with the alliance opening up immense opportunities  for digital transformation of the corporate treasury function. Our alliance with KPMG in India aligns with  our global expansion plans and we are excited to share this journey with them as our partner” says, CM  Grover, MD & CEO, IBSFINtech commenting on this alliance.  

Organisations today are looking for integrated and technology powered solutions to help establish themselves as a future looking organisation. The offerings by IBSFINtech when combined with KPMG  in India’s expertise seeks to address this requirement by providing the right tools to simplify and fully  automate an organisation’s treasury function. The suite of solutions offers CXOs and treasurers deeper insights and real time visibility of their cash positions, thus allowing for efficient management of cashflows, investments, and risk requirements. 

This alliance strengthens both KPMG in India’s and IBSFINtech’s commitment to empower the  corporate treasury function in a holistic manner by providing a consolidated real-time view of an  organisation’s corporate’s treasury operations. 

About IBSFINtech India Pvt Ltd

IBSFINtech is a global enterprise treasury-tech company providing end-to-end digitisation and automation solutions  for the cash and liquidity, treasury, risk and trade finance management (TRTFM®), and supply chain finance  function of the corporate. One of the Top 10 globally, the company is the leading technology vendor in this space  catering to corporations of all sizes, very large, large, mid and emerging corporations. Prestigious list of clientele  is spread across verticals and geographies, including, Lagata UK, Elevent DMCC (UAE), JSW International  Tradecorp Pte Ltd (Singapore), IMR Metallurgical Resources AG (Switzerland), GAIL (Indian Public Sector  Undertaking), Vedanta Group, Wipro Enterprises, Mphasis, Bluestar Ltd, Polycab Ltd, Olam Agro India Ltd, Maruti  Suzuki India Ltd, JSW Steel, Mahindra & Mahindra, Snapdeal and more. For more details visit: www.ibsfintech.com

About KPMG in India

KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG  International Limited. KPMG was established in India in August 1993. Our professionals leverage the global  network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices  across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Jaipur, Kochi, Kolkata,  Mumbai, Noida, Pune, Vadodara and Vijayawada. 

KPMG entities in India offer services to national and international clients in India across sectors. We strive to  provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared  knowledge of global and local industries and our experience of the Indian business environment. 

For further information please contact : 

Vidya Mohan 

KPMG in India 

Mobile No – +91 9820770846 

Email – vidyamohan@kpmg.com 

Nidhi Modi 

IBSFINtech India Pvt Ltd 

Mobile – +91 95915 99720 

Email – nidhi.modi@ibsfintech.com

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