“Earlier we were maintaining separate MIS prepared by different Team members but with this product everything is sorted out completely. The product has excellent functional features which can cater to need of almost all Trading companies and moreover with customization as per Clients requirement, they make it highly user friendly. They have provided different checks so that Client cannot miss any transaction. Even provides double checks for bank charges which is an Audit Trail.

Many organizations still struggle with using ERP as the solution for Treasury management. It may not be feasible to use ERP, as treasury function requires a dedicated solution designed for the purpose of automating the Treasury operations. We selected IBSFINtech as their comprehensive offerings helped us automate our trade finance operations with holistic approach. It is a standardized product, having most of the business scenarios pre-existing in the product and if required solution configuration as per the corporate workflows is very easy. The solution played a pivotal role in improving process efficiencies, ensuring data accuracy and 360-degree visibility. The embedded risk policy is the added advantage for us to ensure compliance and transparency of the entire operations.

We will recommend using proprietary systems and integrate with existing legacy ERP system rather than customizing ERP for specialized product. Also suggest to form cross functional team, develop detailed user cases and enough time to test and stabilize the implemented solution. In addition, we are now also exploring more on the open banking with IBSFINtech’s solution to enable end-to-end integration from ERP to the banking activities. We deal with multiple banks in the country, including, State Bank of India, IDBI Bank, Bank of India, Punjab National Bank, HDFC Bank, ICICI Bank, Indusind Bank, RBL Bank, Yes Bank, Citi Bank, Standard Chartered Bank, HSBC. We plan to initiate Bank integration activities to enable truly paperless and seamless automation of our Treasury and Trade Finance Operations.”

Our overall experience with IBSFINtech on Treasury & Trade Finance project has been positive. They took time to understand our business and philosophy enabling practical solutions for the desired outcome. Knowledgeable lead consultants with good subject matter expertise were deployed on project. Appreciate the efforts of Mr. Manjunath Reddy, Mr. Nilesh, Mr. Jordan, Mr.Ishwar, Ms.Darshana, who worked collectively with our team in achieving the project objectives. This team assistance was commendable in attending the project requirements. On occasion of IBSFINtech’s 14th Anniversary, we wish the entire IBS team a great success in the years to come.

Timely & successful implementation of Innovative Treasury solution at Snapdeal confirms our decision to select IBSFINtech was indeed the right one, not only for the holistic and integrated solution implemented but also for the commendable enthusiasm exhibited by the IBSFINtech’s expert team. I am glad we chose this young and dynamic company.