TMSRising adoption of digital TMS drives growth

Rising adoption of digital TMS drives growth

TreasuryXpress set for another triple digit growth this year, as treasury teams and banks globally continue to widely seek for digital solutions

TreasuryXpress has increased its year over year global sales by 83% across the Americas, EMEA, and MENA regions for its on-demand Treasury Management Solutions (TMS) during the first half of 2019. The firm expects to be on target for another triple digit growth this year, on the back of rising adoption of digital, on-demand TMS.

The firm attributes its continued growth to the scalability and flexibility of their on-demand TMS model as well as their leading, in-house client experience model for both implementation and support.

Leveraging digital tools

Anis Rahal, CEO and founder of TreasuryXpress said: “Today’s generation of treasury professionals expect for technology to be easy. They understand that it is possible to have economical and frictionless accessibility to the technology that is going to help them gain visibility and control over their global treasury operations.”

Built for speed and efficiency, TreasuryXpress’ on-demand TMS model significantly eliminates manual processes throughout all stages of the technology lifecycle for treasury teams and fosters platform interactivity. Powered by sustainable, digital technology, TreasuryXpress’ on-demand treasury management software model is characterized by a frequent and controlled Agile development methodology, immediate logon access for clients, short implementation times, responsive performance, and digital integrations and connectivity.

Rahal continued: “TMS providers can no longer force inflexible, commoditized solutions on treasury. At TreasuryXpress, we are realizing tremendous growth because we are helping to move the industry into a new era of leveraging digital tools that offer a simpler way of working; tools that provide an economized and scalable way of integrating financial data and systems for treasury teams everywhere.”

Turbo growth

Global companies such as ASGC Group and Orange Lake Resorts are among just a few of the firm’s latest client announcements. With these additions and the company’s expansion into further key markets in Latin America and Europe, TreasuryXpress now supports clients in over 55 countries worldwide.

Amidst growth, TreasuryXpress maintains a 98% client retention rate year over year which is reflective of the firm’s client-first commitment.

Supporting this accelerated growth, the firm also announced they experienced a 60% hiring increase in their product innovation and client experience teams during this time period.

As treasury teams and banks globally continue to widely seek and adapt on demand solutions, the firm has realized double and triple year over year growth since it introduced the industry’s first on demand TMS solution in 2015.

Last month, DNB Group had selected the treasury management solution from TreasuryXpress, to power their online treasury and cash management offerings to corporate clients.

Expanding operations in North America

The firm announced the opening of its third US office in Philadelphia. With current US operations in New York and Dallas, this announcement marks TreasuryXress’ continued growth and commitment to the North American treasury market. Globally, TreasuryXpress also maintains offices in its headquarters in Paris, as well as London and Dubai.

The new office in Philadelphia will be home to the company’s expanded customer services team in the US.

Rahal added: “The opening of this office represents a very exciting time in the evolution of treasury. As corporate treasurers are continually looking reduce inefficiencies in their legacy treasury operations, our highly flexible and feature-rich treasury management technology continues to be rapidly adopted by the market.

“There has been strong demand in the region for TreasuryXpress. As we grow, every member of the TreasuryXpress team is committed to maintaining the highest level of customer-centric services for our clients. With this mindset and mission, we will continue to positively influence the treasury market.”

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