PARIS--(BUSINESS WIRE)--TreasuryXpress, the global leader in on-demand treasury 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.