TrustRadius review of GTreasury
At Micro Focus we use most of the available modules of GTreasury. We use the Cash Management module, FTs, FI module, as well as, …
Overview
What is GTreasury?
GTreasury in Lake Zurich offers their treasury management system for funds and transfer management, liquidity tracking, customizable accounting rules with ERP integration, and other liquidity management features.
Recent Reviews
Product Details
- About
- Competitors
- Tech Details
What is GTreasury?
GTreasury helps treasury teams become centers of strategic insight that drive decision making and reduce corporate risk. Our integrated SaaS-based treasury management platform offers seamless connectivity and unparalleled visibility into any combination of liquidity, cash forecasting, payments, financial instruments, risk, accounting, banking and hedge accounting activities. With world-class development and implementation teams, GTreasury is committed to meeting the needs of strategic treasury now and into the future. Headquartered in Chicago with offices serving EMEA (London) and APAC (Sydney), GTreasury’s global community includes more than 750 customers and 30+ industries reaching 160+ countries worldwide.
GTreasury Features
- Supported: Treasury Management
- Supported: Risk Management
- Supported: Cash Management
- Supported: Payments
- Supported: Connectivity
GTreasury Video
Introductory Video to GTreasury
GTreasury Competitors
GTreasury Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | Apple iOS |
| Supported Countries | All |
| Supported Languages | English |
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Reviews and Ratings
(13)Attribute Ratings
Reviews
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May 03, 2022
TrustRadius review of GTreasury
At Micro Focus we use most of the available modules of GTreasury. We use the Cash Management module, FTs, FI module, as well as, Forecasting and Bank/Account Management Module. We are also using GTreasury as our In-House Bank and our Intercompany settlement/netting system. Netting, however, is actually done by our ERP and middleware.
April 29, 2022
You get what you pay for
Daily cash positioning<br>Sending wire files to banks
April 21, 2022
GTreasury as TMS
GTreasury is our Treasury Management System used to capture our debt and hedging portfolio
January 24, 2022
Automation of Banking Processes in Real Time.
Score 10 out of 10
Vetted Review
Verified User
It is software that can strategically prepare forecasts in real time to achieve excellent liquidity and also have the possibility of making the necessary changes in time. GTREASURY has features that optimize liquidity at all stages with cash management engines and built-in tools. I also want to add that we have better visibility of transactional data without errors and in real time.
GTreasury is one of the treasury tools that meet robust features that are easy to configure for our most urgent needs. Liquidity is a great potential that it has given us, it also helps to execute parameters for maximizing productivity and risk management. We have great support thanks to GTreasury, this guarantees compliance with cash management and correct financial decision making. Specifically, the finance and accounting department relies on GTreasury so that the corporate treasury can be developed with reliable administrative capabilities.
January 12, 2022
Valuable Cash Tool
GTreasury helped the company to create better cashflow statements and allowed to know how much cash we had on hand. It helped us with quicker and more accurate business decisions when cash was involved.
November 12, 2021
[In my opinion, the] luster gets lost when you use it.
It is being used primarily in the Treasury department. It solves the problem of needing and using multiple banking platforms. One-stop-shop login rather than multiple logins. It also has allowed us to automate the GL account coding inside the funding templates.
November 12, 2021
[In my opinion,] it works but could be better.
It is currently being used globally across different regions by accounting, AP team, and Treasury. It is supposed to be a one-stop shop for us so that we can look at balances, cash accounting, financial accounting, and provide various customized reports for our needs.
November 09, 2021
GTreasury Review - Healthcare
Used by the treasury department for cash and debt management. It addresses our need for daily cash flow forecasting, building out a full-year cash forecast as well, plus managing daily liquidity and debt payments, schedules, and journal entries.
The treasury department is the primary user. GTreasury is used for daily cash management and payments. Additionally we use the debt, bank fees, accounting, and forecasting modules. In addition to treasury we have several reporting users in various accounting functions who pull reports and transactions information from GTreasury.
August 09, 2018
GTreasury: a Great Solution and Business Partner
The GTreasury Workstation is used by the Treasury team for our daily cash concentration process, administer our debt portfolio, ST money market transactions, FHLB Borrowing, bank account administration central repository, bank account analysis, payment hub, origination of funds transfers, wires US & international, ACH origination, State ACH Tax Payments with addendum, and settlement of inter company payables and receivables for the organization. The 822 Account Analysis feed is utilized to monitor bank service fees actual to contracted prices, and various statistical reports regarding bank balance exposure, risk assessment, and monitoring any overdrawn accounts.
We use the GTreasury Workstation to receive previous and same day BAI information (including Money Market Fund Balances and custodial/trust account information, wire reference numbers, ACH return files, ACH Prenotes, ACH NOCs, This data is used by Treasury and the extended corporation. Extended corporation includes accounting, business areas, accounts payable, billing & collection, Investment Advisors, and our Puerto Rico office. Extended users are reviewing for incoming transaction activity, and some originate electronic fund transfers.
This system allows for self service on payment inquires for the product areas looking to see if funds have been received from our various customers for specific products, or confirm ACH and wire transactions have been released and for wires the Federal Reserve Reference Number and date/time it was sent.
Billing & Collection, Customer Service Teams utilize GTreasury to research ACH payments both collection and disbursement. They also utilize the GTreasury for monitoring ACH Returns, and NOC's which are associated to the original transaction.
The Controller Team utilizes the system to receive BAI information for bank account reconciliation, and researching differences between the bank statement and the ledger.
We also utilize the GTreasury accounting feature to send daily accounting entries for various payment transactions originated and also transaction assignment that automatically generates accounting for automated bank sweeps and incoming debit or credit transactions automatically.
This system has allowed us to optimize our daily cash and investment levels to optimize the return on short term cash, and provide cash forecasts for the Investment Advisors tracking incoming cash from operations, principal & interest, pending trades to know the available cash for investing.
The system has also assisted in better management of the Bank Account Analysis to identify costs, and services and contract price variances. This and the ACH reversal functionality has allowed us to identify and reduce various bank service costs, saving the organization bank service charges each year.
This system also solved the issue of tracking the USA and International bank accounts, and signers, simplifying when signers change, and completion of the FBar reporting requirements, reducing the time spent on this task by over 70%.