FRACTAL Group of Companies and IT-Enterprise Implement Consolidated Treasury System, Achieve Annual Savings of UAH 1.7M
The FRACTAL Group of Companies, formerly known as Netpeak Group, has partnered with the Ukrainian IT company IT-Enterprise to implement a consolidated treasury system. This system manages all financial transactions and integrates with international payment systems and banks around the world. The consolidation of financial operations has led to significant annual savings of approximately UAH 1.65 million ($40,000) due to process automation.
This collaboration represents a strategic move towards optimizing financial efficiency and streamlining operations. By leveraging technology, the two companies have not only reduced costs but also enhanced their ability to manage financial transactions on a global scale. The implementation of the consolidated treasury system is expected to provide long-term benefits, including improved financial oversight and reduced operational risks.
FRACTAL Group, which has expanded its operations beyond its original IT consulting roots, continues to invest in digital transformation initiatives. IT-Enterprise, known for its expertise in IT solutions, has demonstrated its capability to deliver innovative financial management systems. The partnership underscores the growing importance of integrating advanced technologies into financial operations to achieve cost savings and operational efficiency.
Industry experts note that the success of this initiative could serve as a model for other businesses looking to modernize their financial processes. The integration of global payment systems and banks has not only improved transaction management but also enhanced the companies’ ability to navigate international financial regulations and market dynamics.
The financial savings achieved through this system are particularly significant in the current economic climate, where businesses are increasingly focused on optimizing costs and improving operational efficiency. The collaboration between FRACTAL and IT-Enterprise highlights the potential of technology-driven financial solutions to deliver measurable results and support sustainable business growth.