Duplo launches treasury management solution to centralise treasury operations for African businesses
As businesses expand across multiple markets, banks, accounts and entities, managing corporate cash is becoming increasingly complex. Finance and treasury teams are often required to work across multiple banking portals, spreadsheets, approval processes and currencies to understand their organisation’s complete financial position. Duplo is introducing its Treasury Management System (TMS) to help…
Duplo, a financial technology company catering to African businesses, has introduced its Treasury Management System (TMS) to streamline treasury operations for enterprises operating across multiple markets. Managing corporate cash across various banks, accounts, entities, currencies, and approval processes has become increasingly challenging for finance and treasury teams.
Duplo TMS aims to provide a centralized platform to enhance visibility, control, and efficiency in treasury management. The launch of TMS aligns with Duplo's ongoing evolution as it seeks to meet the changing needs of its African clientele. Earlier this year, Duplo launched its payments infrastructure for enterprise businesses, enabling swift processing of thousands of transactions.
Additionally, the company introduced an NRS-approved e-invoicing feature to ensure compliance in invoicing. With the introduction of Treasury Management System, Duplo is further expanding its financial infrastructure offerings for growing and enterprise businesses. For such organizations, determining their total cash position is crucial, and Duplo TMS facilitates this process by consolidating disparate financial positions and enabling informed decision-making regarding money management across the organization.
The platform not only allows businesses to monitor cash across various banks, accounts, and entities but also provides tools for forecasting cash positions, managing liquidity, and relocating funds as needed. This comprehensive approach empowers treasury teams to gain insights into their current cash position and anticipate financial requirements in the near future.
Several major FMCG businesses in Nigeria have shown interest in Duplo TMS, with several exploring its potential benefits for treasury operations. Building on this initial market response, Duplo is now making the platform available to a broader range of businesses seeking enhanced visibility and control over their cash and treasury operations.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
