Thursday, 30 May 2019

GAIL India Limited Adopts Bloomberg’s Treasury Solutions

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Fully integrated solutions further streamlines company’s risk management workflow
Mumbai, May 30, 2019  Bloomberg announced today that the GAIL (India) Limited, India’s largest state-owned natural gas processing and distribution company, has adopted Bloomberg’s treasury solutions to further enhance its risk management needs. In addition to adopting Bloomberg’s Foreign Exchange electronic trading platform (FXGO) for foreign exchange dealing, GAIL is expanding the company’s use of Bloomberg solutions to help further automate its treasury workflow and provide a comprehensive oversight of its accounting risks.
“As our treasury function grows in sophistication and complexity, it was important that we have the right technology to support our needs,” said Sh. A.K. Tiwari, Director (Finance) at GAIL.
Bloomberg offers a full suite of integrated solutions for the entire risk management workflow that provides powerful treasury functionality underpinned by high quality data. Treasury solutions adopted by GAIL include pre-trade analysis, corporate finance and valuation services.
“It’s very encouraging to see public sector companies in India continuing to adopt a strong risk management mindset,” said Ashlesh Gosain, Head of South Asia Sales for Bloomberg. “A treasury department is a backbone for any corporation, so minimizing operational risks by automating manual processes should be its top priority. This is especially important for companies looking to build a strong central treasury function to efficiently manage its subsidiaries on one seamless workflow.”
Bloomberg’s new subsidiary staging portal has created for GAIL, an automated, real-time central treasury platform. These enhancements will reduce its operating risk, increase efficiency and create a fully-transparent audit trail.
About Bloomberg
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit Bloomberg.com/company or request a demo.

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