TreasuryXpress, the global leader in on-demand
management software today announced that DNB Group, Norway’s largest
financial services group and one of the largest in the Nordic region in
terms of market capitalization, has selected the firm’s treasury
management solution (TMS), to power their online treasury and cash
management offerings to corporate clients.
“Corporate banking clients want reliable, easy-to-use, online
treasury tools to simplify their manual daily tasks and streamline
their operations,” said Tom Leitch, chief operating officer at
TreasuryXpress. “As an innovator and leader in the financial services
landscape, DNB have made this experience a reality for their clients.”
The solution will streamline cash
forecasting, reconciliation, positioning, and debt management for
corporate clients. Users will now be able to simply log on to their
online banking portal and access easy-to-use, functionally-rich,
treasury management and reporting tools.
“Our clients trust us to deliver solutions that make their banking and
treasury management easier. TreasuryXpress provides the engine that
allows us to do this,” said Anders Grevstad, Executive VP Category and
Transaction Banking at DNB Group. “We chose TreasuryXpress because of
the quality of their solution as well as their flexibility. By
partnering with this leading technology innovator, we will continue to
add valuable treasury services to our clients now and in the future.”
Delivering a market-ready white labeled solution requires considerable
market- and technology expertise. DNB and TreasuryXpress have worked
together in order to create a solution that is compliant with Nordic
standards. According to Leitch, there was great emphasis on processing
performance during the development process, resulting in a highly
secure, highly scalable solution that can easily be implemented by the
customers and reliably deployed “en masse.”
“This is a very exciting time for TreasuryXpress,” concludes Leitch.
“Our solution has been selected by hundreds of corporate treasury teams
around the globe. Now, through our partnership with DNB, we see further
validation that on-demand treasury technology is highly needed and
widely accepted in the industry. Our vision at TreasuryXpress has always
been to provide treasury teams with access to advanced,
simple-to-deploy, easy-to-use technology. We are pleased that more of
the market will now have access to this type of experience.”
Built for speed and efficiency, TreasuryXpress’ on-demand TMS model
delivers high-volume user deployment and performance. 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.
At TreasuryXpress, we specialize in delivering innovative solutions that
work for treasury. Our innovative, on-demand TMS model
leverages next generation digital technology to make it easy to achieve
100% bank visibility, consolidate cash information, manage end-to-end
payment processing, and distribute useful and critical reports to all
internal stakeholders automatically and efficiently.
Our solutions centralize more than 10,000 bank accounts daily and
process electronic payments for over 7 billion USD each year. And, our
rapid time-to-market and diverse hosting options make it easy for
treasuries to do business with us. From solution development to delivery
and service, our teams actively engage with customers regularly and
proactively. The result? TreasuryXpress is able provide simply better,
more innovative solutions that solve business problems.
ABOUT DNB GROUP
DNB is Norway’s largest financial services group and one of the largest
in the Nordic region in terms of market capitalization.
The DNB Group is a leader in diverse financial services. The group
offers a full range of banking services, including loans, savings,
advisory services, insurance and pension products for retail and
corporate customers. Further, DNB is Norway’s largest internet bank with
more than 1.3M users across multiple sectors and industries. With over
220,000 corporate clients globally, the bank plans to roll the solution
out in a phased approach internationally.
DNB’s bank branches in Norway, in-store postal and banking outlets, Post
office counters, Internet banking, mobile services and international
offices ensure that they are present where our customers are.
The DNB Group is a major operator in a number of industries, for which
they also have a Nordic or international strategy. DNB is one of the
world’s leading shipping banks and has a strong position in the energy
sector, and the fisheries and seafood industry.