Hazeltree, a provider of integrated treasury management and portfolio finance solutions for investment managers, has expanded its reach into China with its new partnership with Guotai Junan International (GTJAI).
As part of this partnership, GTJAI has implemented Hazeltree as its treasury management solution to improve client support and satisfaction.
It will also allow GJTAI to realise process improvements and efficiencies by reducing errors, speed to quality information for decision support, and risk by replacing legacy, and manual spreadsheets.
In addition, GJTAI is set to gain a competitive market advantage through the adoption of Hazeltree’s latest fintech innovations and approach to treasury management.
Sameer Shalaby, Hazeltree’s president and CEO, says: “We are very focused on growing our business in Asia and having GTJAI as our first client headquartered in China reflects the confidence that clients have in us, and our commitment to the region.”
Shalaby explains: “Our focus on delivering new and unique treasury technology designed specifically for our industry is a clear differentiator of our mission versus other providers.”
George Wong, GTJAI managing director, head of treasury department, comments: “To support its continued growth, GTJAI has implemented Hazeltree to centralise cash and treasury management, improve operational efficiencies and strengthen internal controls.”
“GTJAI has partnered with Hazeltree to automate manual processes around cash balance aggregation across banking counterparties, streamline cash movements and workflows, standardise and strengthen approval processes, and improve cash forecasting and loans management,” Wong adds.
