IBSFINtech, a provider of niche financial software for Forex, Treasury and Trade Finance management, has launched ‘Treasury on Cloud’, an innovative approach to treasury management designed for MSMEs in India.
IBSFINtech received an overwhelming response at a recent launch and participation at CII Summit in Kolkata titled ‘Empowering SMEs Through Addressing Their Financing Needs’.
BSFINtech’s ‘Treasury on Cloud’ product offering is designed to particularly drive the Government of India’s Make in India campaign more effectively, by empowering MSMEs in effective management of treasury & trade finance functions and helping them achieve higher growth and scale.
Speaking on the occasion, Haresh Patel, Member – Advisory Board, IBSFINtech, said “We are excited to launch ‘Treasury on Cloud’, designed to assist MSMEs in effective management of market risks, that too with a nominal investment. Treasury on Cloud is a self-sufficient solution to address needs of Micro, Small and Medium Enterprises of the country. It is an ideal solution for MSMEs as it requires no capital expenditure, allows for rapid implementation, and no risk owing to the pay-as-you-go model!”
Amit Tripathi, Deputy Director at CII, said, “IBSFINtech is a technology company with strong presence in niche financial software solutions. CII provided a platform for IBSFINtech to launch their innovative treasury product offering on cloud, designed to suit the requiremnts of the MSME segment in the country.”
He further added, “MSME is the most critical and fastest growing segment in the country, and with enhanced support from Government of India via the Make In India campaign, MSMEs expansion is inevitable. I believe IBSFINtech can play a pivotal role in supporting MSMEs via their innovative product portfolio in treasury and trade finance management. ”
IBSFINtech’s next-gen products, Innovative Treasury Solution & Innovative Trade Finance Solution have seen an exciting response in the industry.
Both the solutions are being subscribed by some of India’s leading retail chains and stores. The corporate treasury implementations are currently being used by varied customers including publishers, manufacturers, service providers and numerous other verticals.