treasury.iongroup.com

ION Treasury, a division of ION, is one of the largest providers of treasury and risk management solutions in the world.

While ION was originally founded in 1999, the company has expanded to include multiple business segments, all of which focus primarily on software automation solutions.

In 2011, all of ION’s business segments were pulled together to form ION Investment Group.

It was through this reorganizing that the ION Treasury wing was officially formed.

Founded:

1999

Headquartered:

40+ Offices Globally

Ownership:

Privately Held

Learn more about ION Treasury’s company, solutions, and services.

FinTech Analyst Report

Primary Coverage on Treasury Technology can be found in Strategic Treasurer’s annually released FinTech Analyst Reports.  These definitive guides include the market case, historic functionality, and future developments of solutions across three categories:

  • Treasury & Risk Management Systems
  • Treasury Aggregators
  • Supply Chain Finance Solutions

Explore special coverage of ION Treasury’s company and solution set in the report below.

Headlines & Awards

PageGroup wins 2019 “Small UK Treasury Team” using City Financials

PageGroup, an ION customer since 2015, is a Highly Commended Winner of the 2019 Adam Smith Award for “Small UK Treasury Team.”  Using City Financials, an enterprise treasury and risk management solution in the ION Treasury portfolio, the small treasury team at PageGroup undertook an ambitious project to rationalise banking in 94 subsidiaries across 41 jurisdictions and implement a liquidity structure, while simultaneously centralizing and automating bank interfaces for a global finance system implementation.

Mastercard wins 2019 “Treasury Transformation” using Reval

Microsoft, an ION customer since 2009, is a Silver Award winner of the 2019 Alexander Hamilton Award for “Treasury Transformation.”  Microsoft deployed Reval, a global SaaS solution for treasury and risk management in the ION Treasury portfolio, to reduce the chance of errors or oversights, while also freeing up treasury staff to focus on more value-added activities.

Toyota Financial Services wins 2018 “Best Funding Solution” using Wallstreet Suite

Toyota Financial Services, an ION customer since 2006, is a Highly Commended Winner of the 2018 Adam Smith Award for “Best Funding Solution.” Wallstreet Suite, an enterprise treasury and risk management solution in the ION Treasury portfolio, is cited as a valued technology partner to Toyota Financial Services’ treasury team in its initiative to boost access to global capital while reducing borrowing costs.

 Microsoft wins 2018 “Best SWIFT Solution” using Reval

Microsoft, an ION customer since 2008, is a Highly Commended Winner of the 2018 Adam Smith Award for “Best SWIFT Solution.” Reval, a global SaaS solution for treasury and risk management in the ION Treasury portfolio, is cited as a valued technology partner to Microsoft’s corporate treasury team in its initiative to increase efficiency and accuracy in the confirmation of foreign exchange (FX) transactions.

 Tesco wins 2018 “Large UK team of the year” using Openlink

Tesco, an ION customer since 2015, is a winner of the 2018 Deals of the Year Awards for “Large UK Team of the Year.”   Using Openlink, an enterprise treasury and risk management solution in the ION Treasury portfolio, Tesco  has automated their treasury, cash, trading and risk operations, providing end-to-end visibility over global financial flows and broader commercial risks, such as commodities exposure.

Frequently Asked Questions

What is ION’s vision for the future of treasury?

As a leader in treasury technology, there are two critical things we must do. We must respond quickly to customer needs and react to market and regulatory changes.  We also must explore and invest in use cases that leverage new technologies, so we continue to lead treasury innovation.

  • ION treasury has a track record of technology innovations. In 2018, we launched IBAM, a Bank Account Management solution, and in 2019 we launched the first in a series of machine learning solutions for cash forecasting, Bank Fee Analysis, and integration to money market fund portals.

 Why has ION invested so heavily in the treasury space?

  • Every company, large or small, has a treasury function. It is our mission to drive automation, digitalization, and process efficiency for our customers.
  • We believe that treasury departments have varied needs and there is no single solution that can be truly optimized to meet those varied needs. We have built a portfolio of solutions which allows us to deliver optimal products to all types of treasuries.

 Will ION continue to support all seven products?

  • Our strategy is to invest in all seven of those solutions in order to maintain a world class portfolio of products that can address customer needs (large and small) and provide them with choice.
  • Our customers drive everything we do. This is why it is critical that we provide choice, innovate our offerings, and ensure our user community is equipped with leading edge technology and data.

Onboarding, Implementation, & Client Training

Onboarding

SAAS DELIVERY:

ION Treasury fully manages hardware and software for all its SaaS customers, simultaneously. We are

experts at managing software and hardware, so customers enjoy an IT free experience. Customer data resides in ION Treasury’s co-location hosting centers. Our SaaS delivered products are built to support the volume requirements of the entire customer base. ION Treasury is responsible for scaling its SaaS environments to meet the needs of all its customers. We fully manage upgrades to a single-version of software for all customers, simultaneously. We are responsible for testing and ensuring there is no disruption in business activities. The cost of software upgrades is included in your subscription. Disaster recovery is included with ION Treasury’s SaaS subscriptions.

ION CLOUD DELIVERY:

ION Treasury fully manages hardware and software for each customer individually. We are experts at managing software and hardware, so customers can enjoy an IT free experience. ION offers several co-location hosting centers. Customers choose where the company’s data will reside. Integration to internal and external systems involves standard web-based interfaces and bespoke connectivity options that can be managed and monitored by the customer’s IT team and ION. Integration to internal systems is typically for general ledger and forecasting, and to external systems for bank statements and payments, market data, trading portals, etc. The technical environment is tailored and scaled to customer specific needs. Software hosted in the ION cloud is delivered securely over the internet. ION and each customer share responsibility for establishing and maintaining security controls to ensure data protection. ION manages customer upgrades. Customers choose when they want to upgrade and test key processes to ensure there is no disruption in business activities. Some costs may be associated with the upgrade. Disaster recovery is available as an optional, paid service.

ON-PREMISES DELIVERY:

Installed hardware and software are fully managed by your internal IT group, which has full control over your hardware specifications and associated costs. Because an on-premise solution is installed internally, the customer’s IT team determines where data will reside. Integration to internal and external systems involves configurable interfaces using multiple, bespoke connectivity options. Interfaces are fully managed and monitored by the customer’s IT group. Integration to internal systems is typically for general ledger and forecasting, and to external systems for bank statements and payments, market data, trading portals, etc.

Implementation

ION Treasury Professional Services is a world-class delivery organization that offers complete implementation and upgrade services to our clients. We have the size and scale to provide you a complete, end-to-end solution.  We deliver complete transparency, collaborating with you on your terms to help make the most of your installation. Our services are based on a proven methodology that’s been refined over the past 25 years. We apply our industry-adopted best practices approach to deliver projects around the world. We’re continually evolving, introducing new techniques and methods to remain ahead of market and project delivery changes.

Our dedicated professionals are seasoned product experts with deep industry expertise and include subject matter experts, engagement directors, project managers, business analysts, technologists, and trainers. They collaborate with product management on software improvements and functional enhancements while maintaining their competence on the latest versions, thanks to our comprehensive training and development program. We know the best way to implement the software – and it works. Clients return to us after their initial implementation to upgrade and implement new solutions for their growing business needs. We make every effort to deliver on time and on budget, working directly with you to successfully deliver the results you expect. It’s a level of service that’s consistently recognized and awarded as an industry leader.

Client Training

ION employs a variety of methodologies to provide training to our clients, depending on the product chosen and the customer need. Our industry and technical subject matter experts across ION lead courses designed to empower users and maximize productivity. Courses may be instructor-led, eLearning with computer-based training (CBT), or interactive web sessions that employ a “learn more by doing” approach.

  • Instructor-led trainings are held at ION locations or a client site and provide opportunities to engage with trainers or subject matter experts.
  • Training courses can be selected from our course catalog, or custom tailored to meet business needs.
  • Public trainings are ideal for clients with a minimal number of users requiring training.
  • Web training uses interactive tools and saves clients the expense of traveling.
  • Computer-based training (CBT) is available with select products and is a web-based eLearning experience that includes a pre-configured training database and hands-on exercises. Expert trainers can be made available to assist clients with the materials.

Customer Service

We welcome new customers into the ION community by enabling them to engage with our Customer Services teams in the way they desire. Customers can contact us digitally by email or customer portal, or directly by telephone. We offer traditional technical support for software installations and seek to collaborate in understanding client needs and adding value through customer-tailored service packages and engagements. We partner with our customers in an ongoing manner to seek out the best use of our solutions across their business. We use a “follow-the-sun” support model that offers support in real-time whenever their business needs it the most. Our services team positions highly trained experts geographically so that knowledgeable assistance is always available.

 We continuously invest in our people and technology to improve the customer experience, helping clients drive innovation and value for better treasury and risk management. Working closely with ION’s implementation specialists, our customer success, client support, and account management teams engage with clients to ensure they are getting the most value out of our solutions.

Testimonials

“City Financials enables us to achieve a high standard of straight-through processing, removing duplication of effort across systems as well as reduction in the possibility of manual error.”

Nicky Slade, Treasury Systems Manager at Vodafone Group Services Limited

“Ricoh has been remodeling its treasury function from a regional to centralized activity … (IT2) has been instrumental to the successful completion of these projects.”

Peter Graham, Regional Treasury Manager at Ricoh Europe PLC

“We were impressed by the cash management functionality that Reval had, but also we anticipate becoming more active in hedging with the different countries that we’re in… We thought that Reval had the depth of functionality we needed to be able to do that in an effective way.”

Jeff Williams, Senior Director of Treasury Operations at American Tower

Case Study

Reval

About the Client

  • A multi-national technology company

Problem

  • The client’s legacy file transfer process prevented their treasury team from receiving real-time updates. As a result, the client was unable to achieve straight through processing throughout their FX trade’s front, middle, and back office processes

 Benefits of Using Reval

  • Reval automatically generated the client’s FX trade confirmations and matched them on the appropriate fixing date
  • Reval eliminated many manual daily activities which resulted in the client saving time
  • Similarly, Reval’s automation allowed the client to mitigate the risk of errors occurring

 Functionalities Implemented

  • Full SaaS-based Reval TMS solution with a focus on risk management and FX functionality

Event Attendance

ION Treasury hosts client conferences, called “Treasury ConnectION”, in North America, DACH,
EMEA, and APAC. These events provide clients the opportunity to network with other users and
learn about the company’s strategy, product roadmap, and new features and functionalities.

Look for us at the following industry events:
1. ACT Annual Conference
2. ACT Middle East Annual Summit
3. AFP Annual Conference
4. EuroFinance International Treasury Mgmt.
5. New York Cash Exchange
6. Texpo
7. Windy City Summit

Release Notes

In 2019 ION Treasury launched the first in a series of machine learning solutions for cash forecasting, Bank Fee Analysis, and integration to money market fund portals.

» back to top