Hazeltree and Goldman Sachs partner on treasury management
New York-based cloud-based treasury management solution provider Hazeltree has partnered with Goldman Sachs to announce a joint solution to ‘streamline treasury management with integrated global payments and FX capabilities’.
Under this, the two companies will aim to simplify operations and reduces the cost for treasurers managing cash and foreign exchange transactions, the press note stated.
“Partnering with Goldman Sachs Transaction Banking allows us to deliver integrated treasury and payments solutions, in a cost-effective and scalable manner, which is critically important for our clients”, said Sameer Shalaby, president and chief executive officer, Hazeltree.
This would combine Hazeltree’s treasury management and payment workflow solutions with Goldman Sachs’ tech-forward global payment and FX capabilities.
Some of the benefits stated in the press note related to this partnership include a comprehensive multi-bank treasury and cash management portal, real-time payment tracking, cash forecasting and optimization, integrated currency exposure management and payment routing via Goldman Sachs’ advanced machine learning techniques.