Hazeltree expands reach to China
Guotai Junan International (GTJAI), the overseas platform of China's Guotai Junan Securities, has implemented Hazeltree as its treasury management solution.
This is Hazeltree's first major client with strong ties to its parent company in China, an identified key expansion market.
To support its continued growth, GTJAI has implemented Hazeltree to centralise cash and treasury management, improve operational efficiencies and strengthen internal controls. GTJAI has partnered with Hazeltree to automate manual processes around cash balance aggregation across banking counterparties, streamline cash movements and workflows, standardize and strengthen approval processes, and improve cash forecasting and loans management.
GTJAI partnered with Hazeltree to:
Improve client support and satisfaction with Hazeltree’s streamlined treasury solution;
Leverage Hazeltree’s industry-specific treasury solution, designed exclusively for financial services firms,;
Realize process improvements and efficiencies by reducing errors, speed to quality information for decision support, and risk by replacing legacy, manual spreadsheets; and,
Gain competitive market advantage through adoption of Hazeltree’s latest FinTech innovations and approach to treasury management.
“With our continued business success, GTJAI is focused on partnering with the latest FinTech providers to support our goals,” says GTJAI Managing Director, Head of Treasury Department George Wong. “Hazeltree delivers on the technology promise, while simultaneously elevating treasury to a strategic function. With Hazeltree, we are streamlining our cash management function, client service model, and decision making, while improving controls and reducing risks.”
“Simply put: technology drives success and competitive advantage and Hazeltree’s technology has delivered on its promise,” said GTJAI IT Director Jason Lam. “Working with Hazeltree’s team has been a true partnership and we are looking forward to expanding our relationship as we continue to grow our business.”
“We are very focused on growing our business in Asia and having GTJAI as our first client headquartered in China reflects the confidence that clients have in us, and our commitment to the region,” says Sameer Shalaby, Hazeltree’s President and Chief Executive Officer. “Our focus on delivering new and unique treasury technology designed specifically for our industry is a clear differentiator of our mission versus other providers.”