ION Treasury named Best New Treasury Technology at Global Finance Treasury and Cash Management Awards 2023

LONDON – 29 March 2023: ION Treasury, a global provider of treasury and risk management solutions for corporations, financial institutions, and central banks, is delighted to have won Best New Treasury Technology at Global Finance’s Treasury and Cash Management Awards 2023.

Using a multi-tiered assessment process, the Global Finance Treasury and Cash Management Awards identify the leaders of treasury and cash management solutions. The awards acknowledge those organizations that develop new tools to transform the way treasury teams operate. ION Treasury was named Best New Treasury Technology given a portfolio of feature rich, pioneering products.

This award is the latest recognition for ION Treasury’s leading position as an innovative provider of treasury management solutions (TMS). ION Treasury’s award-winning automated, machine-learning (ML) powered cashflow forecasting solution testifies to the company’s strengths and investment in research and development. Today, ION Treasury offers ML-based cash forecasting directly within the liquidity planning and forecasting modules in ION TMS solutions.

Providing unique offerings for its clients, ION Treasury supports organizations that wish to digitalize their treasury processes and fully automate repetitive tasks. ION Treasury’s solutions, powered by artificial intelligence (AI) and ML, transform operational processing and strategic execution through real exposures, forecasting, and position management. Historical data drives ION Treasury’s ML solution, enhancing the accuracy and efficiency of forecasting, and subsequent decision-making. This ML-powered approach revolutionizes the cash forecasting process, producing forecasts in seconds, free from human bias and with up to 95% accuracy when tested against actual data. This can free up working capital and lower annual operational costs significantly.

“Our continued evolution and close collaboration with clients equips us to innovate and create solutions that best serve individual organizations,” said Michael Kolman, Chief Product Officer at ION Treasury, “We are delighted to win this award given the importance of advanced technologies supporting financial digitization, particularly ML-powered solutions. The insights ML can unlock are unrivaled, providing simplification, accuracy, and efficiency. This award recognizes ION’s persistent support for the transformation of treasury systems. We’re excited to continue exploring the possible uses of ML across our treasury solutions, including in anti-fraud, reconciliation, cash tagging, and more”.