On-Demand TMS Provides Comprehensive Cash Visibility for the Entire System
Chicago-based TCS Education System, a leader in non-profit higher-education sector, has selected C2Treasury™, TreasuryXpress’ enterprise treasury management solution (TMS) to automate its cash management, consolidate its affiliate school bank accounts, optimize cash forecasting and automate reporting. Operating under a model that features centralized System Office functions for five colleges, including treasury and accounting, platforms with the ability to easily scale are critical for TCS. As a not-for-profit organization, transparent pricing and solution flexibility was also key.
“For the past year, we have had a growing need to consolidate the multitude of bank and investment accounts we manage into one central system,” says Emily Nyblad, Director of Risk and Treasury at TCS Education System. “The C2Treasury solution from TreasuryXpress met all of our needs. Not only did it have all the cash forecasting and reporting functionality we required, but the price point was very pleasing and the overall value was also clear. Even better was the TreasuryXpress team’s attitude towards transparency and flexibility.”
Upon contract execution, TCS had access to the on-demand treasury management solution within days and has now transitioned its reporting and treasury operations from spreadsheets in less than five weeks. The treasury team has been very pleased with the results and are already benefiting from the ability to maximize system resources in a more efficient way.
“Emily and the team at TCS Education System had very specific requirements around their current and future treasury technology needs,” says Anis Rahal, CEO and founder of TreasuryXpress. “At TreasuryXpress we are committed to helping treasury teams to successfully achieve scale with quality capabilities that are flexible and affordable. We are very excited that they have chosen us as their treasury management partner.”
TreasuryXpress has experienced triple-growth in 2016 supporting the trend of on-demand treasury management solutions which are characterized by prompt solution access and rapid implementation periods. The firm shared that they are currently signing on an average of two new clients per week. Amidst this growth, TreasuryXpress maintains 100% client satisfaction which is a key attribute of its frictionless treasury management experience.
TCS Education System (TCS) is a nonprofit system of colleges that was launched in 2009 to advance student success and community impact. Currently, the System spans five colleges, campus locations across 11 cities and a community of 21 global academic partners to fulfill the aspirations of nearly 7,000 students. The TCS model provides its colleges with the scale of resources necessary to succeed, including admissions and enrollment operations, finance and accounting, information and learning technology, marketing, strategic planning, compliance and legal services, human resources, and global engagement among other areas of professional expertise. TCS colleges include The Chicago School of Professional Psychology, Pacific Oaks College & Children's School, The Santa Barbara & Ventura Colleges of Law, Dallas Nursing Institute, and Saybrook University.
TreasuryXpress, a global FinTech provider, was created to give all companies powerful, cost-effective, and easy-to-implement Treasury Management capabilities that empower them to be able to work smarter!
Our solutions centralize more than 10,000 bank accounts daily and process electronic payments for over 7 billion USD each year.