The program is designed to support new treasury clients that have had their manual and physical operations disrupted during the Coronavirus outbreak.

“As the novel Coronavirus has spread across the globe, so has the need for a new way to work,” says Anis Rahal, CEO and founder of TreasuryXpress. “Virtually overnight, treasury teams have been thrust into a new reality of working remotely whether they were ready for it or not. Further, businesses across industries are feeling the distress of slashed revenues and financial volatility. As such, cash forecasts are changing as quickly as the virus is spreading and access to liquidity is becoming paramount.”

As the current pandemic hastens the adoption of digital technology by businesses, the program intends to provide scalability and rapid, self-service set-up to treasury teams requiring automation. The industry’s first self-service treasury management solution will support centralized cash and financial instrument visibility, cash forecasting and positioning, and bank account reconciliations.

“We felt compelled to offer this tool to the market now. Businesses are in pain now. Treasury teams are being asked to respond now. We feel it is our obligation to offer support and help at a time when it can make the most impact to our industry colleagues.”