XRT has acquired French financial software vendor Coveris. XRT’s decision was driven by its focus on ensuring that its clients, from mid-range companies through to global organisations, can implement XRT solutions that deliver across the entire treasury landscape, from collection to payment. The Coveris solution complements XRT’s existing portfolio by providing collection customer risk prevention capabilities that will enhance XRT’s Universe solution. Bruno Joseph, CEO of XRT, commented: “For our XRT Universe customers, Coveris allows us to greatly extend our product offering. We can now deliver a modular, easily deployable ‘out of the box’ collection solution that can be integrated with other treasury processes such as cash management or approvals.” XRT’s acquisition of Coveris also includes its European client base, which encompasses 250 customers, who will benefit from XRT’s outstanding product support, and have the opportunity to improve their financial flows by integrating their existing Coveris implementation with XRT Universe.
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