Doğan Şirketler Grubu has selected global fintech provider TreasuryXpress to optimise bank connectivity and visibility.

The association also marks TreasuryXpress’ entry into the Turkish market.

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TreasuryXpress’ on-demand Treasury Management Solution (TMS) model utilises cloud technology to complete all human-reliant processes including bank connectivity and implementation.

The usage of this technology reduces time and effort spent on these tasks.

Dogan Finance and Treasury vice-chairman Mehmet Yoruk said: “We manage over 80 companies globally and many are highly active on a day-to-day transactional basis.

“This results in a tremendous amount of complexity in terms of comprehensive transaction aggregation and visibility.

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“As the intermediary between our holding companies and the banks, our aim was to increase and optimise financial transparency and efficiency.  We have chosen TreasuryXpress as our partner to achieve this.”

Yoruk added that leveraging modern technology and local expertise will help Dogan to deliver better financial performance and stability.

TreasuryXpress vice-president of strategy – Europe Thierry Miskaoui said: “By automating and digitising bank connectivity and implementation processes we can get clients up and running quickly and expertly.

“This allows us to improve time to market in any region, ultimately allowing us to achieve broader coverage globally for our clients.”

With offices in multiple locations across the globe, TreasuryXpress focuses on providing solutions to ensure 100% bank visibility, consolidate cash information and manage end-to-end payment processing.

Its solutions were said to process electronic payments for more than $7bn each year.