Company Overview
IBSFINtech is a business started under the “Make-In-India” initiative. It is set up by former bankers with extensive knowledge of banking products and services, along with years of experience in dealing with it. IBSFINtech is on the frontline, driving the evolution of the corporate’s capital & liquidity, risk, treasury, and trade finance operations by implementing new technologies.
With their expertise in finance and technology, the firm rapidly expanded from offering funds to the top media company in the nation in 2013 till today, when around 50 prestigious companies across the nation have chosen their, platform to take advantage of the benefits of digitalising their business finance operations.
It is clear that automation and digitization will be the sole method for businesses to properly manage, monitor, and disclose their vulnerability to a range of risks, which include but aren’t restricted to financial, compliance, and operational threats.
Key Executives
IBSFINtech takes great pride in having the outstanding leaders and illustrious business figures who serve as mentors, assisting the company in realizing its objective of becoming “The Most Reliable IT service support partner for Treasuries, Trade & Risk Finance Management, internationally across businesses.”
Shailesh Haribhakti (Chairman)
IBSFINtech’s chairman, Shailesh V. Haribhakti, is an inspirational strategic thinker. He serves as the Chairman of India’s leading domestic consulting and accounting firm, Haribhakti & Co., and has held directorships in more than 40 large and medium-sized businesses since the early 1980s. In India, he is actively connected with the CII, ASSOCHAM, NSE and IMC, and other well-known financial companies.
Chandra Mohan Grover (MD & CEO)
CM Grover is responsible for steering the global expansion of IBSFINtech, an end-to-end Risk & Treasury mitigation organisation, in his capacity as MD & CEO. He is in charge of building key industry relationships, creating market traction, and fostering the placement for the business in order to generate revenue for IBSFINtech.
Pramod Agrawal (Chief Technology Officer)
Having built and transformed a variety of business software firms, from software products to enterprise apps, including cloud-based solutions, Pramod Agrawal has more than twenty-five years of expertise and experience as a technical executive. He is an exceptional problem solver in technologies like process automation and AI/ML and works to turn the revolutionary powers of technologies to life within the context of business.
Product & services
The line of products consists of Innovative Trade Finance® 6i with special components for importing & Exporting, Banking Management, Market Loans & Cash Flow management, Innovative Treasury® 6i exclusively for currencies, commodities, and money markets.
Cash inflow & Liquidity – This feature, combines and assembles data from numerous sources, helping companies to successfully manage treasuries by planning and predicting cash inflows and liquidity.
Forex Risk– This module consolidates exposure data across centralized and decentralized Treasury teams, captures hedges, and manages Forex & Compliance Risks.
Investment -By recording investment transactions and market reports, the investment module of any business or private office aids in risk management for all investments made.
Commodity – With the flexibility of paper or physical deals and their hedging, the commodity module assists companies in managing metal as well as agricultural commodities in accordance with the business.
Import & Export Banking– This module enables you to manage the business finance cycle of import and export, depending on the needs of any company. Additionally, it assists in identifying and managing all bank debt for such import/export businesses.
Borrowings– Managing covenants, investor information, and regulatory requirements are all made easier with the support of the borrowing module.
Hedge Accounting – By using this module, you may evaluate your treasury‘s hedge efficacy in accordance with accounting rules and produce the necessary hedge documentation.
Options Valuation Engine – Whether for monthly reporting or decision-making, this tool assists companies in valuing derivatives.
Open Banking – It assists in automating bank-related processes, such as trade, cash flow, and foreign exchange transactions, for smooth and simple processing.
Document Management System (DMS) – Document Management System (DMS) solution helps to store and map electronic files that are connected to any data records while accessing other features.
Company Reviews:
- IBSFintech, ranked among the Leading 8 TMS and Best 10 Financing Solution Providers worldwide, is driving the journey of digital transformation for corporations.
- IBSFINtech is recognised as the Software Company in the House Awards Service Provider field at the esteemed Corporate Treasurer Awards 2021. (APAC).
- IBSFINtech supported JSW International’s treasury journey to digital transformation as its technology partner. The Adam Smith Award is acknowledged as the gold standard for business best practices.
- As the technology service partner of Blue Star, Polycab, and JSW International, The Asset Triple A Awards honored IBSFINtech India at The Asset Triple A Treasury, Sustainable Supply Chain, Trade, and Risk Management in a number of categories.
Related News
YES BANK and IBSFINtech collaborates
11 August, 2022
To investigate unexplored prospects arising from the digitization of banking and finance, YES BANK has teamed with IBSFINtech, a top provider of TreasuryTech Solutions. Through this special collaboration, the corporate financial ecosystem will be strengthened with a powerful tool for decision-making and automated processes supported by smooth bank connectivity.
The technology architecture of IBSFINtech will enable connection between the bank’s services and organization’s ERP, in addition to YES BANK’s infrastructure and leadership in the digital solutions market. Because of their partnership, YES BANK and IBSFINtech will be able to communicate with businesses on trade and treasury functions without using paper.
IBSFINtech introduces a SaaS solution for financing the supply chain powered by AI
March 10, 2022
IBSFINtech, a leader of TreasuryTech solutions, has expanded its line of products with the introduction of VNDZY, a comprehensive SaaS solution for financing supply chains. Vendor Management Made Easy, or VNDZY,a SaaS platform powered by AI,provides a linked environment for businesses, suppliers, and banking institutions, resulting in a technology-backed solution.
For businesses, it makes it easier to manage vendor payments centrally, which maximizes working capital and helps suppliers’ financial stability. The platform also empowers the suppliers, offering advantages like faster payment clearance, that aid with better money management. Additionally, discounts are given to suppliers, and VNDZY facilitates direct discussions with corporations.
IBSFINtech sales increased by 500%
October 24, 2021
IBSFINtech, a Bengaluru-based worldwide treasury, financing management, and risk, that offers digitized cash flow, risk, treasury, liquidity, and financing solutions to businesses, has seen a 500% increase in revenues compared to the same period last year.
The majority of the time, this is brought on by the capital markets’ unanticipated volatility; as a result, it is necessary to always be ready for dire situations. However, the pandemic reinforced this idea and accelerated the demands for digital transformation in businesses of all sorts.
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