July 27, 2017
City Financials Has Record First Half 2017
New York--City Financials, a pre-configured treasury and risk management solution for multinationals, grew its bookings by 247% in the first half of 2017, compared to growth during the same period in 2016. New customers include corporate treasuries across the U.S., U.K., Sweden and Belgium.
“Growth in new customers this year is being driven by multi-national corporations wanting a cost-effective way to standardize their treasury and risk management activities,” says Kelly Scammell, Chief Operating Officer overseeing ION’s City Financials solution. “It’s reflective of the continuing global trend toward cloud-based treasury management systems. In addition to new sales of City Financials, existing customers continue to switch to the private cloud version of our system, including the first two clients to have ever signed with City Financials.”
City Financials is an easy-to-use solution, providing straight-through processing for cash management, deal administration, risk management, and treasury accounting. It first came to market in 2001 as an on-premises solution; however, over 80% of its customers are now on the private cloud version of the software. The fully managed private cloud service allows treasury operations to remove internal IT dependency, while retaining control over the timing of software updates deployed to their production or test environments.
ION provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments and corporates.