Empowering Business Financial Operations: The Impact of IBSFintech on Efficiency and Security

Navigating the intricate global financial terrain has long presented challenges, particularly in treasury operations, where businesses confront the complexities of managing cash flows, risks, and compliance across borders.

The aftermath of the 2008 Lehman Brothers collapse underscored vulnerabilities in global treasury operations, emphasizing the necessity for more robust management systems. This tumultuous period exposed heightened operational risks and inefficiencies, particularly in India, driving a demand for digital solutions.

The subprime mortgage crisis and subsequent market instabilities revealed an urgent need for automation in corporate treasury operations. Outdated manual methods struggled to cope with modern financial complexities, prompting a call for innovative solutions offering better control and risk management.

Despite these challenges, a significant portion of global corporations still rely on error-prone spreadsheets, leading to operational inefficiencies and compliance risks. Bridging this gap requires a digital platform seamlessly integrating with existing systems to provide comprehensive solutions.

Enter IBSFINtech, an enterprise treasury tech firm addressing the digitization of cash flow, treasury, risk, and supply chain finance functions, offering a solution to the pressing challenges faced by treasurers and CFOs worldwide.

Who Founded IBSFintech?

IBSFintech was established in 2010 by Chandra Mohan Grover, alongside other former bankers. Grover, equipped with a postgraduate diploma in PM & IR from IBM Meerut and an M.A. in History from Meerut University, initiated his professional journey as a Chief Manager at Vijaya Bank. Progressing through the ranks, he eventually assumed the role of CEO at a real estate firm from August 2007 to October 2010.

The genesis of IBSFintech dates back to the aftermath of the 2008 financial crisis, a period marked by global financial system vulnerabilities and a pressing demand for resilient treasury management solutions. Recognizing this need, TM Manjunath, S Sethuraman, and their associates, drawing upon their extensive expertise from Vijaya Bank, seized the opportunity to pioneer innovation in the treasury domain. Their objective was to develop digital solutions that mitigate operational risks and bolster business efficiency, leading to the inception of IBSFintech in 2006.

What Is Treasury Tech?

Treasury tech, also known as treasury technology, encompasses digital resources, platforms, and software tailored to streamline and enhance corporate treasury functions. These solutions are crafted to automate tasks, optimize operations, and bolster efficiency within a company’s treasury department.

These technologies are instrumental in managing liquidity, fortifying financial stability, and facilitating strategic financial planning and decision-making. Treasury tech comprises a diverse array of functionalities, such as Cash and Liquidity Management, Risk Management, Payment Processing and Automation, Financial Planning and Analysis (FP&A), Bank Relationship Management, and more.

What Does IBSFintech Offer?

IBSFintech, headquartered in Bengaluru, specializes in enterprise treasury-tech solutions, focusing on digitizing cash flow, treasury, risk, trade finance, and supply chain finance functions. Its comprehensive platform addresses the end-to-end requirements of treasury operations, enhancing financial management efficiency and security for businesses.

The company provides a range of digital solutions that seamlessly integrate ERP systems, core banking, and financial services. This integration empowers CFOs and treasurers with enhanced control, visibility, and compliance capabilities, mitigating operational risks effectively.

Moreover, IBSFintech’s platform incorporates decision support systems to aid customers in risk management and informed decision-making processes. Leveraging advanced technologies like Machine Learning (ML), Robotic Process Automation (RPA), and analytics, the platform drives automation and efficiency in treasury operations.

With a global clientele that includes renowned corporations such as Vedanta Group, GAIL, Wipro Enterprises, Mahindra & Mahindra, and HCL, IBSFintech serves over 380 entities worldwide across various industries. This demonstrates the platform’s adaptability and efficacy in addressing diverse treasury and financial management challenges.

Funding & Investors

In October 2021, IBSFIntech secured $1 million in a pre-Series A funding round from a consortium of high-net-worth individuals (HNIs). This funding injection was earmarked for the introduction of its SaaS treasury management solution in the domestic market and for advancing its global expansion efforts.

“This funding injects the momentum needed to broaden our horizons with our recently launched SaaS TMS. It will expedite our global expansion strategy and enhance our technological capabilities to provide the most inclusive decision-making platform for business leaders across various sectors,” commented CM Grover.