Axletree Solutions Inc., the leading Treasury Automation and certified SWIFT Messaging Specialist, today announced the launch of Symmetree by Axletree®.
Market pressures in managing cash are forcing treasurers to move away from Excel spreadsheets to lightweight TMS on the cloud, with a shift towards SaaS based offerings. This shift is gaining momentum with the consolidation among larger TMS vendors. There is increased demand for integrating bank communications and treasury automation solutions in Corporates using the SWIFT network. Axletree is uniquely positioned to offer best-in-class treasury automation solutions that seamlessly integrate with SWIFT and enhance Straight-Through Processing (STP).
Symmetree is an integration platform that enables seamless connectivity between Treasury or ERP applications and the SWIFT network. It leverages the SWIFT Standards including ISO 20022 for efficient bank communications. Symmetree lowers costs, reduces risk and increases STP automation by removing any inefficiency in the process flows.
"Integrating SWIFT standards into existing treasury operations requires a deep understanding of both domains, SWIFT and Treasury, along with an easy to implement, smart integration tool. By introducing the Symmetree by Axletree® platform, Axletree has successfully complemented its domain expertise with the perfect integration tool. This powerful combination further reinforces Axletree’s leadership position in providing Best in Class SWIFT Connectivity with value-added solutions” said Mohan Murali, President of Axletree Solutions.
Axletree is the first SWIFT service bureau to be awarded the Premier Operating Practice Label by SWIFT for the Americas region.