Technology vendor Hazeltree has partnered with Goldman Sachs Transaction Banking (TxB) to offer a joint treasury management solution with integrated payments and FX capabilities.
Through the combination of Hazeltree’s workflow technology and Goldman Sachs’ global payment and FX services, the new solution aims to simplify operations and reduce costs for treasurers within investment firms managing cash and foreign exchange transaction.
“We are focused on making it easy for our clients to manage their treasury function,” said Sameer Shalaby, president and chief executive officer, Hazeltree. “Partnering with Goldman Sachs Transaction Banking allows us to deliver integrated treasury and payments solution, in a cost-effective and scalable manner, which is critically important for of our clients.”
From the joint solution, mutual clients would look to gain aggregate cash balances across all banking relationships and management the movement of payments globally, as well as real-time payment tracking to reduce operational breaks, cash forecasting and optimisation, and integrated currency exposure management, hedging and execution.
“We know that our clients want payments around the globe to be fast, transparent, and simple. Clients will quickly see these many benefits along with the bonus of competitive pricing,” said Hari Moorthy, global head of transaction banking at Goldman Sachs.
Hazeltree offers financial institutions solutions to manage and optimise their counterparty relationships and unlock hidden costs across rates, funding, cash, and collateral. Its clients include hedge funds, asset managers and fund administrators, among others.
It has also partnered with several leading financial institutions to rollout new treasury and cash management solutions for alternatives investment managers.
Last year, the tech provider teamed up with JP Morgan Asset Management to deliver an integrated cash and liquidity management platform to private equity, private credit, real estate and infrastructure funds.
Hazeltree also offers a joint cash optimisation solution with Northern Trust’s hedge fund services business, and a joint cash and collateral management platform with BNY Mellon.