JSW ropes in IBSFINtech to automate treasury operations

Our Bureau Mumbai | Updated on July 02, 2019 Published on July 02, 2019

IBSFINtech's TRM solution will help JSW protect from currency and market volatility, eliminate errors and improve controls and compliances

IBSFINtech is targeting expansion and local presence in ASEAN, MENA, Europe and North America

JSW Group, a conglomerate with diversified interest in steel, cement, power and infrastructure project, has outsourced its treasury and risk management solutions to Bengaluru-based IBSFINtech.

The firm specialises in niche, innovative and comprehensive solution for corporate treasury with exclusive modules for currency, commodity and money market.

The partnership will help JSW transition from spreadsheets to automate end-to-end treasury operations. The Group, which has exposure to five major currencies such as the United States (US) Dollar, Euro, Japanese yen, British Pound and Australian Dollar is prone to risks arising from market volatility, economic fluctuations and political events affecting currencies and interest rates.

IBSFINtech's TRM solution will help JSW protect from currency and market volatility, eliminate errors and improve controls and compliances.

CM Grover, Managing Director, IBSFINtech said having proven product capabilities in India, the company is now aggressively working towards expanding the reach of products globally.

IBSFINtech is targeting expansion and local presence in ASEAN, MENA, Europe and North America. With potential new business enquiries and partnership opportunities from these regions, IBSFINtech is confident of acquiring clients in these focus regions in the FY 19-20, which will further fuel the global growth of the company.

The solution provides real-time reports for managing open positions vis-a-vis MTMs, cash flows and collaterals. It also leverages technology to incorporate the risk management process inherent in the solution to minimise risk by optimising the risk-reward trade-off.

While quantifiable risks communicated by the top management are implemented in the form of threshold limits, qualitative risks are handled using intelligent forecasts and other analytical solutions.

Published on July 02, 2019

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!


Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.