GTreasury, a Lake Zurich, Illinois-based provider of treasury management systems, raised $42m in funding.
Mainsail Partners made the investment.
The company intends to use the funds to accelerate product development, expand internationally, and enhance its customer service.
co-founded over thirty-one years ago by Orazio Pater, CEO, and his wife Peg Pater, General Manager, GTreasury provides Treasury Management Systems (TMS) whose suite includes Cash Management and Funds Transfer solutions which offer essential insights, automation, and tools to enable large enterprises to manage global liquidity.
The company also offers Accounting, Banking, and Financial Instruments solutions to help treasury departments automate accounting procedures, manage banking relationships, analyze bank fees, and manage investment and debt activity.
To facilitate these services, the company has direct connections with over 2,000 banks globally, and integrations with hundreds of ERP and 3rd party systems.