New partnership to help corporate treasurers make their cash work harder

Partnering with FXD, supports TreasuryXpress’ vision of delivering best-in-class technology for strategic treasury operations like managing idle cash

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Date published
May 23, 2019 Categories

TreasuryXpress has announced a partnership with FXD Capital, a money broker and deposit specialist, to empower corporate treasurers and finance directors to achieve comprehensive cash visibility and improve the way they manage their unused cash.

Through this joint offering, clients of TreasuryXpress will now be able to leverage FXD’s expertise in providing a proactive deposit rate aggregation solution to:

Bobby Jackson, Managing Director and Co-Founder of FXD said: “There’s some degree of inertia for CFOs and treasurers to make their idle cash work harder, even though they recognize the value that could come from it. Understandably and until now, many have seen this as a time-consuming and futile task given the historically low rates environment.

“We broker deposits to generate better returns from their cash, in a way that reduces counterparty risk and ensures sufficient accessibility of funds in line with their cash requirements. TreasuryXpress provides the insight and tools treasurers need to gain a comprehensive view of their liquidity and cash.”

Tom Leitch, Chief Operating Officer of TreasuryXpress added: “Through our on-demand treasury management solution, we enable treasurers to analyse their entire cashflow and position, identifying better opportunities to put their cash to work. By leveraging FXD to identify better rates and match our clients with complementary counterparties, we make it easier for clients to achieve a better return on their cash.

“Cash management and utilisation is an ongoing, dynamic and time-consuming process. This partnership exemplifies the quality and value that we at TreasuryXpress perpetually strive to bring to our clients’ experience.”

Corporate treasurers looking for ways in which to boost working capital are encouraged to look into the ever-expanding range of supply chain finance opportunities and dynamic tech solutions available in order to streamline supply chains, improve supplier relationships and free up cash that can be utilised in order to insulate companies from the unknown waters ahead.

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