Videos
Why Treasury Is Moving Beyond Spreadsheets with AI
Insights
- Treasury is becoming a strategic nerve center.
Market volatility, FX exposure, commodity risk, and regulatory pressure are pushing treasury from operational reporting to enterprise-level decision support. - Automation and integration are prerequisites for AI.
AI cannot transform treasury without real-time, automated data flowing seamlessly between TMS, ERP, banks, and trading platforms. - The future of treasury is a single source of truth.
CFOs and CEOs increasingly demand unified, real-time visibility across cash, liquidity, risk, compliance, and governance, driving rapid adoption of modern TMS platforms.
In this conversation, Ashish Kumar, Head of Infosys Oracle Practice Sales for North America, speaks with CM Grover, Promoter and CEO of IBSFINtech, about how treasury is evolving from a manual, spreadsheet-driven function into a strategic capability. They explore how volatility, risk, and regulation are increasing pressure on treasury teams, why real-time automation and seamless integration with ERP platforms like Oracle are now essential, and how AI in treasury can only deliver value once core processes and data are fully digitized and connected.
Ashish Kumar:
Treasury has always been essential, but with today's market volatility, regulatory pressures, and the move towards digital finance, it's becoming more strategic than ever.
Hello, everyone. I am Ashish Kumar, head of Infosys Oracle Sales for North America region. I am joined today by CM Grover, CEO of IBS FinTech. We are here together in the Infosys Knowledge Institute studio in Richardson, Texas, to talk about the changing world of treasury.
To kick us off, could you briefly introduce yourself and share an overview of IVS FinTech? What does it do? What is this company all about?
CM Grover:
Thanks, Ashish. Honored and privileged to be here in Infosys headquarters at Dallas CSA, as we all know, and CM Grover, a promoter and CEO of IBS FinTech, which is headquartered in Bangalore. IBS FinTech has recently completed 19 years of existence, started like you from a good down in Bangalore. IBS FinTech has identified the gap in the CFO's office in corporations where they are managing their most critical information system, that is, treasury management on Excel. So that area we chose, which was quite a tricky niche and highly domain-centric because promoters were ex-bankers and they have worked in treasury and in foreign exchange branches. So we knew that subject. We knew the area, we knew the gap in the market, we developed that product for the market, which is today as one of the top five in the world as per the IDC report.
Ashish Kumar:
Congratulations, Mr. Grover. So to get the big picture, I just wanted to understand, how do you see this entire TMS space evolving globally?
CM Grover:
So we had been focused on treasury management, which is the area started when everybody wanted to work on Excel. The situation in the last 15 years, I should say, more than a decade, has not dramatically changed. The automation has taken place everywhere, every sphere of corporate life. But this particular area remained predominantly on Excel or manual.
Ashish Kumar:
So this is a great setup for our conversation, right? Now let's talk about what organizations are dealing with today. What do you see as the biggest hurdles enterprises face in managing liquidity, risk management, cash positioning, and their global operations?
CM Grover:
This is the crux of the problem, which is what the treasury department does to manage this cash and liquidity. Cash and liquidity, it is topped up with the management of the risk. Risk can be out of currency exposures because the world has become very small and every country, every corporate is now exposed to foreign currency risk because either they export or they import or they do both. The next risk emerged from the commodity side. Commodity and FX both are interlinked, majority. Then if you're a cash surplus company, you need to manage your surplus cash in a way, those treasury operations of investment so that your money makes more money. So all these things together becomes the biggest pain area of the corporate. Because there is nothing real time.
There's nothing connected. You're doing a deal on a trading platform of Bloomberg or Reuters or 360D and then manually entering in an Excel, this thing. Doing the settlement, posting the accounting entries in ERP.
Ashish Kumar:
So with all this complexity, the pressure on treasury is only increasing. Now let's talk about what's driving that. Now with the broader trends, whether it's regulation, or whether it's technology, or whether it's AI, or it's market driven, it's pushing enterprise to modernize their treasury management functions. So how do you think that this can happen?
CM Grover:
World is moving towards digitization, automation, and it needs to be a connected ecosystem. The TMS should speak to ERP as well as trading platform as well as banks. whatever happens should happen in real time and without any error. So this is the area where things are moving. And today everybody is talking AI in treasury to take the maximum benefit of AI, you need to have that underlying automated. It is not by talking you can do AI in treasury. You have to create that underlying data set that has to be digitized and automated. Top of that will be the AI, thing which we are definitely working towards that.
Ashish Kumar:
Absolutely. AI is really touching each and every sphere. Mr. Grover, one theme we consistently hear from our customers is the need of seamless integration. Why strong integration between TMS and ERP platforms like Oracle, NetSuite, Workday, so essential for enterprise-wide trisering operations? I really need to understand the indication touch points and how we can do it better.
CM Grover:
We had done integration with all the ERPs. With Oracle, particularly, if you look at Oracle and our partnership goes from our day of inception, because our back end had been Oracle. So that was a promoter's choice that our tech team, that we should be on Oracle DB. From there to Oracle Cloud. Now, integration piece had been very smooth and this thing. And Oracle partnership has bloomed quite.
We are in the market space, we are in this thing. Whether it's a NetSuite or Fusion, both.
Ashish Kumar:
What major trends do you believe will shape the future of treasury management functions?
CM Grover:
First and foremost, will be definitely automation is the priority which has to happen. Second piece, it will be a connected ecosystem and it will be a real time information system. And the CF or the CEO will prefer a single point of truth where whatever information is coming to manage their liquidity, cash, or mitigating their risk, or their compliances, or the governing regulations, everything is managed, or any violation happening across the system. The volatility across the globe is increasing. We all know the only thing that not change is volatility in the world. It will keep happening, whether it's a geopolitical situation or a geoeconomic or all these things across the globe, which keeps increasing the volatility in commodities, equities, effects, everywhere.
The more they increase, the more requirement of TMS keep growing in.
Ashish Kumar:
Yeah. So thank you, CM, for all those insights. Treasury management is evolving quickly, powered by smarter technology, real-time data, and rising demands for financial resilience. The collaboration between Infosys and IBS FinTech helps organizations modernize treasury, connect seamlessly with their ERP systems, and build a more digital and agile financial future. I hope this conversation sparks new thinking around the future of treasury.
Thank you very much.
CM Grover:
Thank you Ashish.
