IBSFINtech, provider of niche financial software for Forex, Treasury and Trade Finance management, today announced that Future Retail, a retailer, has successfully implemented its Innovative Trade FinanceTM 5.
0i solution for effective management of group's banking activities.
The solution went live on January 16, the city-based company said.
Future Retail Chief Finance Officer Dinesh Maheshwari said IBSFINtech's comprehensive /product solution supports effective management of their Trade Finance Operations.
"We are discussing engagement for further requirements to expand scope of implementation across different business areas within the company."
IBSFINtech Technical Director M Manjunath said the solution enables real time information for respective departments, automates processes, and also facilitated centralization of data, records and report.
IBSFINtech Executive Director C M Grover said the company had recently partnered with Finrex, a Treasury Advisory firm, to market the "Treasury on Cloud", a product especially designed for MSME segment of the country during a CII summit in Kolkata last year.