City Financials has record first half 2017 [Press release]

New York, July 19, 2017 – 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.
To find out more about City Financials, contact [email protected].
About ION Treasury
ION Treasury is the largest provider of treasury and risk management solutions in the world. Its solutions are designed to meet the needs of organizations with varying complexities and at different stages of technology adoption. With over 1,250 clients in more than 30 countries, ION Treasury is also a powerful community shaping the global treasury landscape. ION Treasury is a division of ION, which dedicates over 40% of its employee base to product innovation. It is the only corporate treasury provider that has the financial strength, breadth of products, and commitment to continuous innovation to deliver on treasury’s diverse and changing technology needs. ION Treasury’s portfolio of leading treasury products includes Wallstreet Suite, Reval, IT2, ITS, City Financials and Treasura, as well as innovative tools and services that span across the entire solution set. For more information, contact [email protected].
Note to editors: Trademarks and registered trademarks remain the property of their respective owners.