Published On: 2016-02-23

Mumbai/Delhi/Bengaluru, Feb 23rd 2016 - IBSFINtech, the leading provider of niche IT product for Forex, Treasury and Trade Finance management has been awarded with Emerging IT Company of the Year 2015 and Solution Provider of the Year 2015 at National Awards for  IT Excellence.

The company has struck a hattrick of awards after receiving three prestigious awards in last 3 months. IBSFINtech was recently selected as the joint winner in “Software Product of the Year 2015” category in prestigious Express IT Awards ( December, 2015).

The “National Awards in IT Excellence”, organized by Star of the The Industry Group and 94.3 My FM, is an initiative to recognize excellence throughout the IT industry. The awards entered its 4^th year in 2016. The Awards are presented to companies that have demonstrated leadership in using IT for business transformation, optimising costs, developing synergies across businesses and enhancing customer satisfaction.

The award was received by IBSFINtech’s Executive Director, C.M. Grover at an award ceremony held in Mumbai on Feb 22^nd 2016.

Upon receiving the award, C M Grover, Executive Director – IBSFINtech, stated, “We feel greatly honoured to receive this award. It feels proud to be acknowledged by the industry. I would like to take this opportunity to thank our clients and partners who have shown tremendous faith in our company and product. I would also like to acknowledge IBSFINtech team for their perseverance and dedicated efforts which has helped the company achieve new heights.”

When asked about winning this award, “Solution Provider of the Year, 2015”, C M Grover further added, “IBSFINtech’s Innovative Product Suite, comprising of Innovative Treasury 5.0i and Innovative Trade Finance 5.0i, is a niche, domain centric and comprehensive product suite. The solution is currently implemented at leading corporates of the country such as Future Group, TOI, and Snapdeal.”

When asked for statement, T M Manjunath, Technical Director – IBSFINtech, further added to his peer’s statement, “Corporates have started appreciating and acknowledging the importance of implementing a software solution for effective management of treasury and trade finance operations. A comprehencive product facilitates automation of operations, helps mitigate human error and provide quick access to real-time information.”

When asked about winning this award, “Emerging IT Company of the Year, 2015”, T M Manjunath said, “It feels wonderful to be acknowledged by the Industry as ‘Emerging IT Company of the Year 2015’. The year 2015 proved to be a transformational year in IBSFINtech’s growth, as we added clients such as North End Foods Marketing, Future Group, and Snapdeal to our esteemed client list. We also launched Treasury on Cloud, an innovative approach designed to assist MSMEs in effective management of market risks, that too with a nominal investment.”

Treasury on Cloud is a self-sufficient solution to address needs of Micro, Small and Medium Enterprises of the country. It is an ideal solution for MSMEs as it requires no capital expenditure, allows for rapid implementation, and no risk owing to the pay-as-you-go model.

IBSFINtech, is an Indian company headquartered at Bengaluru, Karnataka, having an implementation office at Mumbai, Maharashtra. The company offers niche corporate treasury management products, Innovative Treasury^TM 5.0i and Innovative Trade Finance^TM 5.0i .

The company was in news recently as their Innovative Trade Finance 5.0i solution went LIVE in Future Retail, India’s leading Retail Chain.

About Company:

IBSFINtech India Pvt. Ltd is a Bangalore based organization specializing in providing niche products in the area of Forex & Treasury and Trade Finance for public and corporate sector. IBSFINtech takes pride in being the ONLY INDIAN COMPANY to offer Comprehensive Treasury and Trade Finance Solutions that competes with products from global giants such as SAP, Oracle, Murex, SunGard.

IBSFINtech has its corporate office in Bangalore with a branch office at Mumbai. For more details, visit: http://ibsfintech.com/