GTreasury and Convera Launch Integrated Payments Service in APAC

GTreasury and Convera have partnered to offer an integrated payments service, starting with a pilot program in the Asia-Pacific (APAC) region.

This partnership will enable the large corporate and enterprise clients using GTreasury’s treasury management system software to integrate with Convera’s B2B cross-border payments platform, the companies said in a Wednesday (Aug. 2) press release.

“The speed and ease of global payments processes are business-critical for enterprises, and combining Convera and GTreasury technology is a major win for our joint customers,” GTreasury Vice President of Product Management German Karaivanov said in the release.

The partnership will initially focus on Australia, New Zealand, Singapore and Hong Kong, enabling GTreasury clients in those locations to fund payments from any Convera or third-party bank accounts, according to the release.

By integrating with Convera’s payments platform, these clients will be able to access global banking networks and make global business payments efficiently, transparently, cost-effectively and securely, the release said.

“Working with GTreasury, we will immediately expand cross-border solutions in the APAC region,” Convera CEO Patrick Gauthier said in the release.

Making decisions about how and when to move money is more challenging than ever because of currency volatility and other challenges, Gauthier told PYMNTS’ Karen Webster in an interview posted in January.

Convera’s platform and solutions offer both B2B payments services and hedging, a model that “provides CFOs and treasurers a ‘line of sight’ into the cash flows of those transactions” while simplifying exchange rates and compliance, Gauthier said at the time.

The partnership of Convera and GTreasury comes about two months after GTreasury launched a collaboration with working capital platform C2FO that gives treasurers a cash management/early payment tool to boost liquidity forecasting while optimizing cash flow.

“In addition to solving everyday liquidity needs, corporations are navigating economic shifts and tightening lending standards that will reduce access to capital,” the companies said when announcing their partnership June 8. “Flexible liquidity management solutions that support end-to-end cash visibility are vital for continued enterprise growth and planning.”

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