City Financials sees customer base spike in H1
The treasury and risk management solution says the H1 boost in bookings is due to the global trend toward cloud-based treasury management systems.
The treasury and risk management solution says the H1 boost in bookings is due to the global trend toward cloud-based treasury management systems.
City Financials, a multinational treasury and risk management solution, grew its bookings by 247% in the first half of 2017, compared to the same period in 2016.
New customers include corporate treasuries across the US, UK, Sweden and Belgium.
“Growth in new customers this year is being driven by multi-national corporations wanting a cost-effective way to standardise their treasury and risk management activities,” says Kelly Scammell, chief operating officer overseeing ION’s City Financials solution.
There is a continuing global trend toward cloud-based treasury management systems, says Scammell. She also notes that existing customers continue to switch to the private cloud version of the City Financials system, with over 80% of customers now on the private version of the software.
City Financials provides straight-through processing for cash management, deal administration, risk management, and treasury accounting.
The fully managed private cloud service allows treasury operations to remove internal IT dependency while retaining control over the timing of software updates deployed to their production or test environments.
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