We are excited to form a new Partnership with TreasuryXpress, a leader of on-demand digital treasury management solutions – as announced in a press release by PYMNTS.com Customers using TreasuryXpress’s platform benefit from easy-to-implement electronic payment workflows that helps automate payments and remove payment risk. TreasuryXpress and Hedgebook share a common goal – bring cost effective treasury tools to customers of all sizes.
In the press release Tom Leitch, COO of TreasuryXpress, explains:
“Mid-market treasuries have the same treasury and financial risk management complexities and requirements as many Fortune 1000 or 500 organizations. However, they often do not benefit from the same budgets and organizational resources as their larger peers. By joining forces with Hedgebook, we are able to uniquely offer a solution to this part of the market, which has largely been ignored by the legacy treasury and risk solutions, which are typically too resource-consuming for [a small business (SMB)] to implement.”
Combining Hedgebook’s risk management modules with TreasuryXpress’s treasury operations and cash management platform creates a unique, powerful and economic option for mid-market organisations that have been under-served.
Common goal as partners with TreasuryXpress
“We make the transition from spreadsheets easy for corporate treasurers,” explained Richard Eaddy, CEO and director of Hedgebook. “Where other treasury and risk providers have perpetuated complexity during the implementation and live phases of the customer lifecycle, Hedgebook has been committed to making effective financial risk management automation accessible. Our mission is to create powerful solutions that are easy to buy, use and deploy — a sentiment shared with our partners, TreasuryXpress.”
The new offering has already been accepted by joint clients looking to gain better visibility and intelligence around foreign exchange (FX) hedging programs, giving corporate risk professionals a comprehensive view of both their cash positions and exposures.
“The increased visibility will not only help treasury teams understand their current cash and risk positions, but it will help them with future, data-driven decisions that impact their financial strategies and bottom lines,” continued Eaddy.
The Partnership focuses on opportunities in Europe and the US.
You can read more about the partnership on PR News Wire here: https://www.prnewswire.com/news-releases/treasuryxpress-and-hedgebook-partner-to-bring-integrated-treasury-and-risk-solutions-to-mid-market-treasuries-300743018.html