IBSFINtech, provider of niche financial software for Forex, Treasury and Trade Finance management, recently announced that e-commerce major Snapdeal has continued its engagement with it as its IT Solution partner for Treasury and Risk Management by awarding another project.
The new project was implemented in a record period of 30 days and went live on September 12, the company disclosed.
IBSFINtech was awarded the first project in March 2015, to efficiently manage treasury operations at Snapdeal.
This time, Snapdeal required a solution partner to facilitate efficient financial operations management and risk management at its recent acquisitions of Freecharge, Vulcan Express, it said in a release.
“Having proven their capabilities in the first project, IBSFINtech proved to be a strong candidate when new opportunities arose in the company,” IBSFINtech was qouted by PTI as saying.
About winning another project from Snapdeal, Executive Director – IBSFINtech, C M Grover was quoted said “We are sure Snapdeal and IBSFINtech will go a long way together.”
On key aspects of the project, Director – Technical Services, IBSFINtech, T M Manjunath, said the solution provides an integrated solution for the top management to view critical data across multiple companies in the portfolio.
It also integrates and automates the processes involved from recording transactions to making accounting entries, he said.
Grover said, “Our vision is to become the most trusted IT solution partner for Treasury and Risk Management, globally across Industries.”