Feb 25, 2016
Kingsmen Software, a software development company specializing in capital markets software, announces that they are combining with Treasury Track, a product company that specializes in building Treasury software products. Treasury Track’s suite of products is led by NettingManager which streamlines multi-national companies’ global FX settlement process by netting invoices to drastically reduce bank fees and foreign currency conversion costs.
“At Kingsmen, we build custom solutions for our capital markets clients, but sometimes a product is a better fit for them in terms of time to market, lower upfront investment, and low on-going maintenance costs,” says Kevin Carney, Managing Partner for Kingsmen. “Treasury Track’s Netting Manager product is exactly the type of value-add product that many of our banking clients are interested in offering their end-customers.”
Jim Kessler founded Treasury Track in 2011 after several years of working for and consulting with global Fortune 500 companies with foreign currency risk management as his primary focus. “Most of our multi-national clients were looking for a simple software solution that would streamline international treasury operations with a quick and simple set up and a dynamic user experience. It’s only natural that banks would offer this service to their clients in order to deepen their FX relationships.”
Kessler’s partner Matt Novak heads Client Sales and Delivery for Treasury Track. He notes, “By partnering with Kingsmen, we instantly gain a proven financial services Sales and Marketing engine along with the infrastructure and scale of an established software company to on-board and support our clients.”
“We are adding NettingManager to our growing list of software that we provide to accelerate business for our banking clients,” adds Micah Minarik, Founder and Managing Partner of Kingsmen Software. “We also plan to combine Treasury Track’s knowledge of FX Risk Management and Treasury with Kingsmen’s software development capabilities to continue to build out our collective suite of products.”
About Kingsmen Software
Kingsmen Software is a software development company that crafts high-quality software products and empowers their clients to do the same. Their exclusive approach, The Kingsmen Way, combines processes, tooling, automation, and frameworks to enable scalability, efficiency, and business agility. Kingsmen’s craftsmen can be found collaborating in the historic Camden Cotton Mill at the corner of 5th and Graham in Charlotte, NC.