Leading treasury solutions supplier XRT announces the European launch of XRT Enterprise, an innovative, flexible and secure solution for strategically managing enterprise processes and transactions across the financial spectrum. Based on a single, web-enabled platform, XRT Enterprise offers a ground-breaking model encompassing the entire financial value chain, from collections through treasury and risk management to payments, all with streamlined and secure exchanges of banking and financial data.
XRT Enterpriseâs unique model delivers the ultimate in flexibility and scalability for multinational organisations, allowing them to capitalise on local market expertise while delivering a centralised overview of an organisationâs financial position. It allows for the secure flow of all financial transactions across the company and its supply chain in order to deliver a critical real-time view of working capital and financial risk.
Central to the design of XRT Enterprise is the level of financial control and efficiency it offers, removing the need for organisations to choose between a centralised or decentralised treasury, offering the best of both models, with the ability to customise the extent to which functions are central or decentralised. For example, it allows local operations control over their own financial processes, while automatically centralising information related to these processes for financial decision-making.
Bart Parren, senior product manager, XRT, said, "Corporate treasurers are under increasing pressure to manage the full spectrum of working capital, and safeguard the financial health of the organisation. To do this they need a view across the entire financial value chain, taking into account all aspects of financial activity."
Re-Writing the Rules
Developed using Microsoft .Net and the .Net framework, XRT Enterprise offers significantly simplified installation. Its 100 percent web-based architecture means that it only needs to be installed in one location and allows local operations to implement the financial services they need. It revolutionises the traditional treasury landscape, facilitating the establishment of financial infrastructures that are a real reflection of an organisationâs business needs and allows for instant communication between different levels of the organisation.
XRT Enterpriseâs process-oriented approach allows companies to rapidly respond to the impact of regulatory and business changes effecting the organisation. This enables faster and more seamless integration with new systems and the ability to track accurately, anticipate and report the impact of change.
Streamlining Financial Exchanges
XRT Enterprise offers integration with many ERP and accounting systems. It facilitates streamlined, secure, automated communication of all financial exchanges throughout the company and beyond to banking and business partners. This offers numerous advantages from reduced transaction charges and enabling in-housing banking, to the consolidation of data and secure and reliable invoice approval, payment and collection.
"Our focus during the development of XRT Enterprise was on using technology and our expertise to help our customers manage their financial value chain in a way that supports the unique nature of their business. With XRT Enterprise, XRT has succeeded in extending an organisationâs ability to track, manage, analyse and control financial operations across its business, regardless of structure or location", concluded Parren.