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TreasuryXpress enters into to Turkish market with Dogan Sirketler Grubu

Published 05 April 2018

TreasuryXpress has been selected by public and multi-disciplinary holding firm Doğan Şirketler Grubu to achieve comprehensive bank connectivity and visibility.

Dogan represents TreasuryXpress' entry into the Turkish market. Dogan finance and treasury vice chairman Mehmet Yoruk said: "We manage over 80 companies globally and many are highly active on a day-to-day transactional basis. This results in a tremendous amount of complexity in terms of comprehensive transaction aggregation and visibility.

"As the intermediary between our holding companies and the banks, our aim was to increase and optimize financial transparency and efficiency.  We have chosen TreasuryXpress as our partner to achieve this."

With a mission to deliver superior financial performance and stability to Dogan's holding companies and shareholders, Yoruk shares that modern technology and local expertise is key to delivering on this experience. 

Yoruk continued saying: "We take a visionary approach to treasury management here in Turkey and we believe that the path forward for Dogan is to take a digital approach to treasury management.

"We selected TreasuryXpress because they are leaders in modern treasury innovation and have deep bank connectivity expertise here in Turkey.  We believe with TreasuryXpress' local support and rapid deployment model, we will be able to achieve our goals."

TreasuryXpress Europe strategy, vice president Thierry Miskaoui said: "By automating and digitizing bank connectivity and implementation processes we can get clients up and running quickly and expertly.

"This allows us to improve time to market in any region, ultimately allowing us to achieve broader coverage globally for our clients.  The Turkish market is a key strategic focus for us and we are honored to be at the forefront of digital treasury transformation with Mehmet and his team at Dogan."

TreasuryXpress' on-demand Treasury Management Solution (TMS) model leverages modern Cloud technology to complete traditionally human-reliant processes such as bank connectivity and implementation; thereby reducing time and effort spent on these tasks during traditional projects. 

Additionally, the TreasuryXpress approach to innovation offers a perpetual development and upgrade model that allows treasury professionals to implement, consume, and scale technology economically and rapidly.

TreasuryXpress CEO and founder Anis Rahal said: "We believe that treasury technology must not be allowed to become stagnant or static.  Our clients' business strategies and operations are continuously advancing, and we make it our mission to actively innovate our solutions at the same pace." 

Source: Company Press Release