GTreasury believes in a modern and agile approach to treasury automation, by offering best-in-class specialized, modular treasury solutions across cash, payments, and risk solutions. The acquisition of CashAnalytics enhances GTreasury’s suite of solutions with a critical first point of treasury automation that can be deployed in just weeks as a single solution and with the added benefit of seamless data orchestration and user interface across GTreasury’s suite of Digital Treasury Solutions.

Cash forecasting is an accelerating concern for CFOs and treasury groups. In a recent market survey by Topline Strategy, 65% of treasury groups stated improvements in cash forecasting as their top priority, citing issues such as the inability to predictably monitor and change processes to impact DSO and DPO and adhering to debt covenants. CashAnalytics’ unparalleled intuitive user interface and cash forecasting capabilities are uniquely comprehensive and include the CashAnalytics SmartLedger. SmartLedger offers especially deep insights into working capital drivers within a business. These insights include the payment behavior of customers, which facilitates insights into actions that can improve free cash flow. Further, CashAnalytics can be quickly deployed with API connectivity into banks, ERPs, and any legacy treasury management systems.

“GTreasury’s vision of a seamless, modular, and future-proof approach to the adoption of treasury technology is truly game-changing,” said Renaat Ver Eecke, CEO, GTreasury. “CashAnalytics is a perfect match for GTreasury and a very natural next step in the journey for our product, customers, and employees. CashAnalytics, as part of GTreasury, opens up cutting-edge treasury technology to a far wider market that, up to now, has only had access to monolithic treasury management systems that are rigid, costly, and difficult to deploy. We’re incredibly excited for our customers to see how this acquisition will enhance their treasury operations.”

“We founded CashAnalytics over 10 years ago to transform the way companies analyze cash flow, with the goal of enabling them to quickly take well-informed actions to optimize working capital,” said Conor Deegan, CEO, CashAnalytics. “Today’s CFOs and treasurers want—and, frankly, need—to move beyond manual spreadsheets or the restrictive cash forecasting functionality of their ERPs and legacy treasury systems. These outdated solutions either lack timely variance visibility, are error prone, like spreadsheets, or the data and workflow constraints of a monolithic platform hinder broader business unit adoption, limiting visibility, needed insights, and the ability to quickly act. CashAnalytics’ ability to automate the collection of cash flow data from internal ERP or TMS systems and banks with API connectivity is a perfect match for GTreasury’s own approach to seamless access and timely analysis of financial data. The result for CFOs is a faster time-to-value realization, from a solution that can be deployed in a matter of weeks instead of months. We are extremely excited about this next stage and look forward to our shared achievements to come.”

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About GTreasury
GTreasury is the pioneer and global leader in cloud-based software for the Office of the CFO. For over 30 years, GTreasury has delivered industry-leading solutions spanning cash, payments, debt, derivatives, investments, and exposures all in one seamless platform. Trusted by over 800 customers across 160 countries, GTreasury provides treasury and finance teams with the ability to connect, compile, and manage mission-critical data to optimize cash flows and capital structures. To learn more, visit GTreasury.com.
GTreasury is headquartered in Chicago, with locations serving EMEA (London) and APAC (Sydney, Singapore, and Manila).

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A market leader in streamlining B2B cross-border payments, Convera is trusted by a global customer base of over 30,000 to move money across more than 200 countries and territories and in more than 140 currencies. Convera leverages decades of industry experience and vertical-specific, specialized solutions to meet the needs of customers of various sizes, industry verticals, and geographies.

The partnership will enable GTreasury’s network of over 800 large corporate and enterprise clients to integrate with Convera’s payments platform to access global banking networks and help make global business payments efficient, transparent, cost-effective, and secure in growing their business globally with confidence. GTreasury facilitates transactions totaling $12.5T+ from 48M payments, annually, in 160 countries. Focusing initially on APAC, GTreasury clients throughout Australia, New Zealand, Singapore, and Hong Kong will be able to fund payments from any Convera or third-party bank account.

“This partnership reflects our deep belief in bringing best-of-class solutions to our customers,” said Patrick Gauthier, CEO at Convera. “Working with GTreasury, we will immediately expand cross-border solutions in the APAC region. We look forward to working together to service the wider GTreasury client base globally.”

“GTreasury continues to advance key partnerships and technology integrations that enable treasury teams to work more efficiently and effectively within their organizations,” said German Karaivanov, Vice President, Product Management at GTreasury. “The speed and ease of global payments processes are business-critical for enterprises, and combining Convera and GTreasury technology is a major win for our joint customers. We are excited to work together, and look forward to seeing treasury teams utilizing the combined solution.”

About GTreasury

GTreasury believes there is opportunity in complexity. We connect treasury and finance teams with industry-leading experts, technology solutions and untapped possibility. By simplifying complexity, teams can unleash their organization’s potential to gain strategic advantages and grow. GTreasury helps organizations reach that potential by connecting treasury and digital finance operations through a world-class SaaS treasury and risk management platform and integrated ecosystem where cash, debt, investments, and exposures are seamlessly managed within the office of the CFO. GTreasury delivers intelligent insights, while connecting financial value chains and extending workflows to third-party systems, exchanges, portals, and services. Headquartered in Chicago, with locations serving EMEA (London) and APAC (Sydney and Manila), GTreasury’s global community includes more than 800 customers and 30+ industries reaching 160+ countries worldwide. To learn more, visit GTreasury.com.

Convera is a global B2B payments company, providing payments services and foreign exchange products to companies of all sizes. With expertise in managing foreign exchange and moving funds around the globe, Convera offers access to over 140 currencies and a financial network spanning more than 200 countries and territories. Providing technology-led payment solutions to 30K+ customers – from small business owners to enterprise treasurers across a range of industries. Convera’s purpose is to make moving money so easy that any company in the world can grow with confidence.

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