When insurance firms launched social media initiatives, the results were rewarding.
New York, NY (PRWEB) December 12, 2013
OpenLink Financial LLC (OpenLink), the global leader in Transaction Lifecycle Management (TLM) software, has been recognized for consistent double-digit percentage growth in its Treasury business due to its customer outreach strategy and advanced risk management capabilities. OpenLink’s success in this market was featured in Strategic Treasurer’s “2013 Analyst Report Treasury Management Systems and Treasury Risk Management Systems.”
OpenLink provides risk management visibility in a simplified preconfigured approach, enabling new users to easily implement the system without the need to perform extensive configuration. As a result, OpenLink has realized several client wins, particularly in North America and Europe.
The report highlights several strengths in OpenLink’s customer outreach strategy, including:
• An open architecture featuring the largest number of established connections with third-party portals, networks and markets
• Risk capabilities for analytics
• Development work for commodity market and regulatory compliance capabilities
• Formal training via OpenLink University
Dr. Mark Greene, OpenLink’s CEO, said, “We have been spending a significant amount of time with customers in order to better understand their requirements. As a result, because of heightened market volatility, we know that corporate treasury groups are increasingly focused on risk, have a renewed focus on credit risk in the wake of the 2007-09 financial crisis and recession, and are facing greater liquidity requirements as stipulated by market regulations such as Dodd-Frank and the European Market Infrastructure Regulation (EMIR). We remain committed to addressing our customers’ regulatory reporting requirements, developing products that can manage evolving messaging standards and initiatives and creating tools that can help liquidity managers optimize their use of high quality securities.”
WATCH: OpenLink video on the changing treasury technology landscape.
DOWNLOAD: New white paper, “Tomorrow’s Corporate Treasury.”
Founded in 1992, OpenLink is the global leader in Transaction Lifecycle Management (TLM) software for the commodity, energy and financial services industries. OpenLink's products address portfolio management, trading, risk management, and operations processing for both financial and physical assets.
Owned by leading private equity investment firm Hellman & Friedman, OpenLink is a global software and services business that has grown both organically and through strategic acquisitions, to achieve revenues in excess of $300 million. The company serves over 500 clients, including 12 of the world's largest commodity and energy companies, 9 of the largest financial institutions, and 11 of the largest central banks. OpenLink has 1,300 employees in 12 global offices on five continents, with headquarters outside New York City and field offices in Houston, London, Berlin, Vienna, Toronto, Moscow, São Paulo, Singapore, Dubai, and Sydney.
OpenLink has received numerous industry awards and recognition, including citations as the industry leader by Gartner and first-in-class ranking by Energy Risk magazine for Commodity/Energy Trading and Risk Management (C/ETRM) systems.
Read the full story at http://www.prweb.com/releases/2013/12/prweb11413732.htm