ION launches the first treasury management solution powered by machine learning
The cash forecasting solution is available in the latest versions of ION Treasury’s award-winning ITS and Reval products
LONDON, Feb 13, 2020 – ION, the largest global provider of trading, analytics, and risk management solutions for capital markets, commodities, and treasury management, today announced the launch of the industry’s first-ever cash forecasting solution powered by machine learning.
The solution will help organizations of all sizes to validate or replace manual cash forecasting with improved speed and increased accuracy.
Rich Grossi, CEO of ION Treasury, said: “Machine learning has the potential to revolutionize the treasury industry by providing vital strategic insights on an organization’s cash management and forecasting. We’re excited to lead the industry in providing machine learning capabilities to increase our customers’ visibility into short- and long-term cash forecasting.”
Peter Radtke, Head of Corporate Finance and Treasury at KUKA AG, one of the world’s leading suppliers of intelligent automation solutions, said: “By using historical data, the solution has the potential to create cash forecasts more quickly. Even atypical and seasonal cash movements should be able to be accurately predicted in this way.”
Cash forecasting is only one aspect of the machine learning program at ION. Solutions currently in development will dramatically reduce the implementation costs and time-to-market of a treasury management system (TMS) and increase accuracy and performance in other important areas.
Grossi added: “We couldn’t have done this without the vision and collaboration of the ION community. Community data helped us reveal insights you simply can’t get from a single user. We’d like to thank our customers for helping us become the first and only TMS provider to introduce solutions that harness machine learning.”
ION provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments, and corporates. For more information, visit www.iongroup.com.
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About ION Group
ION Group provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their business for sustained success through continuous innovation. For more information, visit https://iongroup.com/.
About ION Treasury
ION Treasury delivers unique treasury and risk management solutions to organizations of all sizes, offering both on-premises and cloud options. Our award-winning solutions help manage liquidity and mitigate operational, financial, and reputational risk. Together with a global community of over 1,100 clients, we are shaping the future of treasury and risk management technology. For more information, visit https://iongroup.com/treasury/.