IBSFINtech and Oracle partner to enable digital transformation for cloud ERP customers

IBSFINtech, a home-grown enterprise treasury-tech firm,  has partnered with Oracle  to make sure that the latter’s ERP shoppers world wide could have entry to IBSFINtech’s treasury administration answer (TMS) for his or her treasury capabilities.

“Our TMS can now be built-in to Oracle’s ERP shoppers throughout the globe. With this tie up our attain has now develop into international. Even potential shoppers of Oracle can use us as a part of cloud primarily based ERP providing”, Chandra Mohan Grover, Managing Director & CEO, IBSFINtech, advised BusinessLine.

Grover stated IBSFINtech affiliation with Oracle for Cloud ERP options is a step ahead in providing clients cloud native options to assist their enterprise transformation journeys.

 “With the joint advertising and marketing efforts of each of our groups, we want to have  and serve near 1,000 shoppers for first yr, which is an effective quantity to have”, Grover stated.

He highlighted that the treasury tech firm is not going to be searching for this type of tie up with different ERP suppliers atleast for subsequent one yr.

Vivek Gupta, Senior Director and Nation Head, Oracle IaaS and PaaS Providers, Oracle India stated, “With the migration of IBSFINtech’s treasury administration answer to Oracle Cloud Infrastructure, IBSFINtech can modernise their present apps for a cloud native world. They are going to now be capable to scale back their IT prices, but proceed to serve a rising buyer base. We’re delighted to work with IBSFINtech. Collectively, we will drive enterprise transformation for patrons.”

Grover additionally stated that IBSFINtech needs to within the subsequent 4 years develop into a Software program-as-a-service (SaaS) firm and expects revenues from SaaS merchandise to account for 70-80 per cent of general revenues.

The Bengaluru-headquartered firm, which offers end-to-end digitisation and automation options round money and liquidity, treasury, threat, and commerce finance administration (TRTFM), is properly on the right track to go in for a Sequence A fundraise of $10-15 million in subsequent few months, Grover added.

Revealed on


April 07, 2022