#1 most frequent
United States of America
50.2%2,289 installations of 4,557
What is GTreasury?
GTreasury offers their treasury management system for funds and transfer management, liquidity tracking, customizable accounting rules with ERP integration, and other liquidity management features.
Categories & Use Cases
Who Buys & Uses GTreasury
#2 most frequent
Australia
11.6%530 installations of 4,557
#3 most frequent
United Kingdom of Great Britain and Northern Ireland
9.0%410 installations of 4,557
TrustRadius review of GTreasury
Use Cases and Deployment Scope
At Micro Focus we use most of the available modules of GTreasury. We use the Cash Management module, FTs, FI module, as well as, Forecasting and Bank/Account Management Module. We are also using GTreasury as our In-House Bank and our Intercompany settlement/netting system. Netting, however, is actually done by our ERP and middleware.
Pros
- Balance Reporting (i.e. Bank Statements) posting and processing
- Funds Transfer Import and Automated feedback process
- Payment execution and bank connectivity
Cons
- IHB should be created as a separate module and not be spread out across multiple functions
- CAMT script that is currently used should be replaced by an actual plugin
- Reporting module needs to be more user friendly and allow users to extract larger data sets
- An ability to view a bank statement on-screen w/o extracting it into PDF would go a long way. Different from Balance Explorer.
Return on Investment
- Using GTreasury, our cash management team has 99% of cash visibility daily
- We produce over 10,000 automated accounting entries monthly greatly reducing manual accounting postings.
- We went from numerous FTP connections to 100% SWIFT connectivity with all of our banking partners.
- We are operating at 97%+ success rate for our payments globally using GTreasury.
Alternatives Considered
Kyriba, FIS Enterprise Payments and Wallstreet Suite
Usability
Other Software Used
NetSuite ERP, Boomi
You get what you pay for
Use Cases and Deployment Scope
Daily cash positioning
Sending wire files to banks
Sending wire files to banks
Pros
- provides accurate cash positioning reports
- transmits and confirms wire files
- Doesn't cost much
Cons
- Forecasting
- training on how to use
Return on Investment
- Reduced Manual activity
- Reduced complexity
Usability
[In my opinion,] it works but could be better.
Use Cases and Deployment Scope
It is currently being used globally across different regions by accounting, AP team, and Treasury. It is supposed to be a one-stop shop for us so that we can look at balances, cash accounting, financial accounting, and provide various customized reports for our needs.
Pros
- [The] cash accounting works well.
Cons
- [In my opinion, the] reporting functions are not user-friendly and [are] very confusing.
- [I also believe that the] financial accounting module is also not user-friendly.
- Operator security - [In my opinion,] the admin is confusing to set up new groups. Some languages in there were either no longer valid or changed. [Also, I believe that you] cannot disable users unless you move them to disable group. [I feel like it's] a bit weird.
- Customer service support - [I feel it has] gotten better but [I, personally,] hope to see more improvement and timely responses.
- [I believe] the location of certain functions is confusing as well. [In my experience,] I usually have to go to [the] search bar to search for what I am looking for.
- FBAR - [I feel this is] also a bit confusing and hard to find. [In my case,] I had to ask where it is located, and [it was] definitely not where I would have expected it to [be]. I would assume it would be under reporting, but it was under [the] library and then maintenance or something.
Return on Investment
- [In my opinion,] it has caused some added stress to be honest and more work.
- It has reduced some manual activity for our accounting folks.
- It has helped our accounts payable team to also reduce their manual activities.
Alternatives Considered
Kyriba
Usability
Automation of Banking Processes in Real Time.
Use Cases and Deployment Scope
It is software that can strategically prepare forecasts in real time to achieve excellent liquidity and also have the possibility of making the necessary changes in time. GTREASURY has features that optimize liquidity at all stages with cash management engines and built-in tools. I also want to add that we have better visibility of transactional data without errors and in real time.
Pros
- Visibility of transactional data in real time
- Liquidity forecasts
Cons
- I don't see any disadvantage in GTREASURY, it is software that can make phenomenal liquidity forecasts in real-time.
Return on Investment
- Bank transactions are faster
- Save time with Ade cash statement analysis
Usability
One of the treasury tools that allows us to know our finances in great detail.
Use Cases and Deployment Scope
GTreasury is one of the treasury tools that meet robust features that are easy to configure for our most urgent needs. Liquidity is a great potential that it has given us, it also helps to execute parameters for maximizing productivity and risk management. We have great support thanks to GTreasury, this guarantees compliance with cash management and correct financial decision making. Specifically, the finance and accounting department relies on GTreasury so that the corporate treasury can be developed with reliable administrative capabilities.
Pros
- Maximizing administrative productivity in the accounting and finance department.
- Moderate configuration based on our data supplied with the finance department.
Cons
- At no stage have I noticed characteristics that do not favor the company financially in the management of the treasury.
- I do not find any disadvantage in the control of the treasury.
Return on Investment
- Positive in risk management.
- Increase in productivity.
Usability
Other Software Used
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