10.05.22

New Treasury Bot automates FX Deal Trading

With its technology partner BeeckerCo, ConVista developed "Tracy", a robotic process automation tool for treasury departments.

Today, treasurers are facing new challenges due to digitalisation and globalisation. The automation of previously manual checking work and data entry can help them to cope better with these challenges. ConVista has therefore developed a tool for Robotic Process Automation with its new technology partner BeeckerCo: the Treasury Bot "Tracy". As a digital worker, it supports treasury departments by automating the processing of FX deals.

[Translate to Englisch:] Mit unserem Technologiepartner BeeckerCo haben wir „Tracy“ entwickelt, ein Robotic-Process-Automation-Tool für Treasury-Abteilungen

 

The idea for the new bot originated from an internal innovation project at ConVista for the automation of trades in SAP. Tracy accompanies the entire FX process chain in Treasury. It automatically analyses the incoming currency positions in real time and assigns them to the right hedging strategy based on predefined rules. Tracy then proposes a concrete hedging and trading measure and obtains the approval of a real treasury employee. Only then does it execute the trade and record it in the SAP Treasury Management System.

ConVista provided the technical input and concept for Tracy, while BeeckerCo took on the technical development. The software company, which is headquartered in Mexico and employs over 300 people internationally, specialises in digital workplaces for SAP, SalesForce, Microsoft Office and websites with RPA and machine learning. ConVista is now using this technology for treasury. As an implementation partner of BeeckerCo, ConVista will distribute the digital worker Tracy in the European region. Further developments of Tracy for other financial instruments are planned for 2022.

"We are very happy that we managed to bring a new "Digital Worker" to life within a very short time through the partnership with BeeckerCo - welcome Tracy.“
- Christian Million, Managing Partner ConVista and responsible for the Treasury division

 

About BeeckerCo

BeeckerCo is an RPA software company that has grown from four people to 300 in six years of operation. With offices in the United States, Mexico, Colombia and Brazil, BeeckerCo is a certified Great Place to Work for its employment policies and ensures quality by being certified as CMMI DEV/3. BeeckerCo is a UiPath Diamond Partner and Advanced Technology Partner. BeeckerCo was featured as HFS Hot Vendor (2020 Q3). BeeckerCo believes in socially responsible automation.

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