Today, Expertus, the Montreal, Canada-based financial technology (fintech) company announced FIRMA Foreign Exchange went live with Expertus Cash Management and SWIFT Service bureau for connectivity
FIRMA will use the Expertus software-as-a-service (SaaS) platform for its domestic and international operations, enabling the company to centralize, automate and increase control over treasury processes, as well as to improve connectivity with its banking partners.
Expertus was selected following a comprehensive vendor review. Its cloud-based system will be used by FIRMA treasury team to provide connectivity to its network of banks, thus enabling the company to make its overall banking processes and controls more efficient.
“Expertus Cash Management solution which includes SWIFT connectivity enables our treasury team to increase productivity and maintain strong control over our cash holdings all through one point of entry. As an international company, FIRMA needs a scalable solution which works seamlessly across multiple borders and multiple currencies,” said Brad Clark, Chief Operating Officer at FIRMA Foreign Exchange.“Not only do we like the solution capabilities and user experience, but also we appreciate the expertise and assistance of Expertus Team during the bank on-boarding process” added Brad Clark.
“In fact, having direct connectivity to its network of banks will place FIRMA treasury team in good position to better manage their operations and relationships with their banking partners. Moreover, it will reduce their costs since they will be using financial messaging standards that drive straight-through processing.” commented Jacques Leblanc, President of Expertus.