TreasuryXpress, Hedgebook Join Forces For Mid-Market Treasurers

TreasuryXpress has announced a partnership with Hedgebook, a global provider of Cloud financial risk and derivative management software, to enable underserved mid-market treasury organizations with complex cash and risk management requirements.

“Mid-market treasuries have the same treasury and financial risk management complexities and requirements as many Fortune 1000 or 500 organizations. However, they often do not benefit from the same budgets and organizational resources as their larger peers,” said Tom Leitch, COO of TreasuryXpress, in a press release. “By joining forces with Hedgebook, we are able to uniquely offer a solution to this part of the market, which has largely been ignored by the legacy treasury and risk solutions, which are typically too resource-consuming for [a small business (SMB)] to implement.”

TreasuryXpress is a global leader in on-demand and digital treasury management solutions for more than 130 treasuries worldwide. This joint solution with Hedgebook will focus on innovative user experiences and automated implementation processes that will allow mid-market treasury teams to easily transition from error and risk-prone manual spreadsheets.

“We make the transition from spreadsheets easy for corporate treasurers,” said Richard Eaddy, CEO and director of Hedgebook. “Where other treasury and risk providers have perpetuated complexity during the implementation and live phases of the customer lifecycle, Hedgebook has been committed to making effective financial risk management automation accessible. Our mission is to create powerful solutions that are easy to buy, use and deploy — a sentiment shared by our partner, TreasuryXpress.”

The new offering has already been accepted by joint clients looking to gain better visibility and intelligence around foreign exchange (FX) hedging programs, giving corporate risk professionals a comprehensive view of both their cash positions and exposures.

“The increased visibility will not only help treasury teams understand their current cash and risk positions, but it will help them with future, data-driven decisions that impact their financial strategies and bottom lines,” continued Eaddy.