GTreasury and Axletree Partner to Enhance SWIFT for Corporates Offerings

GTreasury, a treasury management software and services company, and Axletree Solutions, a SWIFT regional partner and service bureau, have partnered to enhance SWIFT for Corporates offerings. Under the agreement, Axletree has already implemented a new corporate SWIFT user with annual revenues in excess of US$47bn to be connected to over 50 banks in 30 countries.

This corporate is accessing data through GTreasury services to:

• Review and reconcile its bank statements.
• Establish cash position on a worldwide basis.
• View reports and exposures at all levels and for any groupings.
• Move funds and make payments in any country.
• Account for all transactions without any re-keying.

The GTreasury partnership enables Axletree to complement its fully managed SWIFT connectivity services, starting with establishing a new SWIFT corporate membership to connect with all banks. The joint offering provides a full-function treasury workstation via GTreasury with integration to the corporate back office for straight-through processing (STP).

“We had been looking for a partner to complement and enhance our SWIFT solutions marketplace for current and future corporate clients, with a reliable, low cost of entry treasury workstation solution,” said Mohan Murali, president, Axletree Solutions. “GTreasury was the perfect fit for us.”

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