Open Text Corporation, a global leader in Enterprise Information Management (EIM), announced recently that it has entered into an agreement and plan of merger to acquire GXS Group, Inc. (GXS), a leader in business-to-business (B2B) cloud integration, pursuant to which GXS will become a wholly-owned subsidiary of OpenText.

OpenText’s acquisition of GXS for $1.165 billion is further proof that the market is entering in an era of Enterprise Information Management.  The GXS acquisition further strengthens the Information Exchange Pillar of OpenText with the addition of market leading cloud-based business-to-business integration services.

OpenText is an important partner to SAP for accounts payable automation; however, the document management needs of larger enterprises are now mature.  Software sales growth for accounts payable automation is slowing and opportunity now lies in electronic transactions.  GXS has made a big commitment to the financial supply chain – a fast growing market with tremendous potential.

Together OpenText and GXS expect to serve more than 55.000 trading partners and 80.000 customers and support approximately 16 billion annual transactions in the cloud.

“In today’s global and highly distributed business, the on-going complexities and costs of do-it-yourself B2B integration pose significant challenges to organizations that need to integrate and orchestrate multi-enterprise processes across time, geographies and a multitude of trading partners,” said Bob Segert, President and Chief Executive Officer of GXS. “Integrating the GXS portfolio into OpenText will allow CIOs to focus their efforts on driving revenue growth while enabling innovation to stay ahead of the competition.”

Click here to view the entire OpenText press release.

SaaS leader unveils next generation of successful treasury strategy, to enable forward-thinking finance departments to optimize their cash, manage their risk and work their capital

Kyriba, a leader in cloud-based treasury management solutions, recently launched Proactive Treasury Management (PTM). Proactive Treasury Management is a new set of solutions and methodology for treasury departments to better anticipate and plan for market volatility, regulation and fraud, as well as leverage opportunities for growth. By implementing PTM, organizations optimize their cash, manage their risk and work their capital more successfully.

PTM was developed in response to several recent changes within treasury: increased exposure to financial risk and fraud, continuing convergence and centralization of cash and liquidity tools and processes, and the growing need for treasuries to unlock deeper strategic value within the organization. Recent data has shown that 59 percent of CFOs see an increase in risk exposure compared to five years ago¹, and 77 percent of North American organizations will have regional or global cash concentration centers by the end of 2014². Meanwhile, treasury teams feel the need to spend 50 percent more of their time than present on decision support and a third less time on transactional tasks³, in order to better support their businesses.

Kyriba established PTM in collaboration with its clients and industry thought-leaders, bringing together best-practice treasury solutions from some of the world’s largest and most successful organizations, into a single solution and methodology. The new approach will allow treasury teams to better adapt to the “new normal” of economic volatility, while delivering the visibility and control to increase business value for the organization.

Click here to view the entire Kyriba press release.

Today’s treasury managers are tasked to do more with less.  Cloud-based treasury management solutions work to balance both the traditional tasks of managing cash, short-term debt and investments, while also providing the capability to manage capital market activities, mergers and acquisitions (M&A) activity, insurance and pension programs, and working capital management.

Mark your calendar to check back for PayStream’s upcoming Q1 2014 Treasury Workstation report.  The report will provide detailed information on these sophisticated tools and how they enable companies to optimize treasury operations and achieve greater profitability.

To learn more about this upcoming report, click through to the PayStream Research Calendar.

 

G Treasury SS, LLC and Hedge Trackers, LLC recently announced the establishment of their strategic partnership.  As a result of the alliance the two companies will be able to offer a more comprehensive solution to treasury and accounting professionals for liquidity and hedge management.

Orazio Pater, COO of GTreasury stated “We are very excited to be partnering with Hedge Trackers.  Their world-class tools and service are a perfect fit for our client’s needs and fills a gap in our current offering.”  Helen Kane, founder of Hedge Trackers, was equally as excited about the alliance adding “The cultural and functional synergies between us and GTreasury will really benefit both companies, but more importantly our current and future clients”.

By joining forces Hedge Trackers and GTreasury will be able to offer a comprehensive treasury and accounting system capable of tracking any number of financial transactions.  Transactions can then be hedged according to set internal policies and reported to auditors along with any required documentation.  Mr. Pater added “the complementary nature of our two product offerings will certainly help our clients with their month and quarter end processes and better manage their currency risk”.

Click here to view the entire GTreasury press release.

Today’s treasury managers are tasked to do more with less.  Treasury management solutions work to balance both the traditional tasks of managing cash, short-term debt and investments, while also providing the capability to manage capital market activities, mergers and acquisitions (M&A) activity, insurance and pension programs, and working capital management.

Mark your calendar to check back for PayStream’s upcoming Q1 2014 Treasury Workstation report.  The report will provide detailed information on these sophisticated tools and how they enable companies to optimize treasury operations and achieve greater profitability.

To learn more about this upcoming report, click through to the PayStream Research Calendar.

 

Brings New Approach to FX Exposure Management in an Innovative, End-to-End Workflow 

Reval, a leading global provider of comprehensive and integrated Software-as-a-Service solutions for Treasury and Risk Management (TRM), announced recently that Atlas Risk Advisory is now part of its STP Community of software and service providers. The joint offering will enhance the user experience for companies wanting an accurate approach to FX Exposure Management in an end-to-end TRM workflow.

Reval and Atlas clients will be able to identify, extract and aggregate only the relevant data from their ERP systems and generate accurate forecasted FX exposures. Within a powerful straight-through processing workflow, companies will then be able to make informed hedging decisions, execute and settle their trades. Post-trade, they will be able to perform advanced analytics to analyze their hedge results, quantify any variances and comply with hedge accounting requirements - all through one SaaS TRM platform.

“Identifying and extracting data is just the beginning,” explains Scott Bilter, Atlas Partner. “What companies need is an end-to-end workflow that also incorporates advanced analytics to help net and manipulate their FX exposure data. Our partnership with Reval brings the most innovative workflow for FX Exposure management to treasurers in the market.”

“Atlas offers clients a unique FX risk management methodology, incorporating income statement data with balance sheet data for an accurate, forward-looking picture of FX exposures. This is a more reliable approach than what is sometimes done today, which is to take daily snapshots of balance sheet statements as a proxy for the future,” explains James Gilbert, Vice President of Strategic Alliances at Reval. “We are thrilled to have the power of Atlas as part of Reval’s straight-through processing experience for end-to-end treasury and risk management.”

Click here to view the entire Reval press release.

Today’s treasury managers are tasked to do more with less.  Cloud-based treasury and risk management (TRM) solutions work to balance both the traditional tasks of managing cash, short-term debt and investments, while also providing the capability to manage capital market activities, mergers and acquisitions (M&A) activity, insurance and pension programs, and working capital management.

Mark your calendar to check back for PayStream’s upcoming Q1 2014 TRM report.  The report will provide detailed information on these sophisticated tools and how they enable companies to optimize treasury operations and achieve greater profitability.

To learn more about this upcoming report, click through to the PayStream Research Calendar.