JSW Group ropes in homegrown platform IBSFINtech to automate treasury operations

JSW Group has said it has roped in Bengaluru-based IBSFINtech India Pvt. Ltd to automate its treasury operations. The partnership will help JSW transition from spreadsheets and IBSFINtech’s treasury and risk management solutions will help mitigate risks arising from market volatility, eliminate errors and improve controls and compliance, the fin-tech platform said in a statement.

The solutions will provide real-time reports for managing cash flows and collaterals, among other things.

IBSFINtech has been targeting expansion in the Asian, European and North American markets. Founded in 2007 by Chandra Mohan Grover, TM Manjunath and S Sethuraman, the fin-tech platform provides financial products and software designed to manage foreign exchange, treasury and trade finance for corporate entities. In 2017, the platform raised seed funding led by Shailesh Haribhakti of Gaja Capital.