Treasury management software company TreasuryXpress is giving its corporate clients a payments boost via a new upgrade to C2Treasury.
The company announced Thursday (Jan. 5) that updates to its treasury management software aim to improve payments and cash visibility.
“With our latest innovations to the payment workflow in C2Treasury, treasurers can now be stewards of change in terms of the speed and performance of their payments,” explained TreasuryXpress Chief Technology Officer Ace Chalhoub in a statement. “With real-time and on-demand visibility and analytics into the entire payment process, the user is now in full control over payment performance from start to finish.”
The company said that its upgrades enable treasurers to gain an overall view of payment processing trends, with metrics available for signing speed, payment statuses, expense categories and others. The newest version of C2Treasury also accelerates the rate at which treasurers can send out Payment Notification Emails.
In an interview with PYMNTS last September, TreasuryXpress CEO Anis Rahal explained how the role of corporate treasurer and the treasury department is changing.
“Finances have become more complex,” Rahal explained. “In some ways, [treasurers] are not just managing the cash and being a cost center; they are also an enabler of growth through strategic management of financial deals and working capital.”
Today's corporate treasurers, he added, are more concerned with an efficient deployment process when it comes to treasury management systems. They want faster implementation, a demand that may also signal a growing need for speed across the entire treasury department.