Mecklai teams up with Chella Software to launch Nimbus-M
Mecklai Financial, India’s leading forex risk management consultancy, and Chella Software, a leading fintech solutions company, jointly announced the launch of Nimbus-M, a SaaS-based forex risk management service, to the Indian market. Nimbus-M combines Mecklai Financial’s deep understanding of the Forex markets with Chella Software’s expertise in providing highly reliable software solutions and services to clients worldwide.
As Indian companies expand their international operations, connect to global supply chains and access cross-border capital, the effective management of foreign exchange risk becomes an important factor in determining an organization’s overall profitability and risk profile.
Nimbus-M is a cloud-based service that helps identify, measure and manage a company’s foreign exchange risk. By accessing real-time data and automating workflows, Nimbus-M improves the speed and efficiency of treasury operations and the quality and speed of decision-making.
Celebrating the launch of the service, Mr. Kathir Kamanathan, Founder and CEO of Chella Software said, “Chella Software has been focused on risk for over two decades. Many major financial market infrastructures use our products and services and we are pleased to make this experience available to Indian companies. By providing timely exposure data visibility and full FX lifecycle support, Nimbus-M is a must-have tool for corporate boards, CEOs, CFOs and treasurers. Our partnership with Mecklai, the leading brand in India’s Forex landscape, is unique. Our combined expertise, backed by our impeccable track records, offers unbeatable value for companies looking to scientifically manage their FX risk.”
“In nearly 40 years of providing risk management services to companies large and small, we have learned that one of the key challenges facing CFOs and Treasurers, alongside a systematic risk management process, is having timely and accurate risk information at their fingertips,” said Mr. Jamal Mecklai, CEO of Mecklai Financial. “Nimbus-M, which combines our structural approach with Chella’s in-depth understanding of effective information processing and presentation, will soon become the leading FX risk management software solution in India.”
Published on: Wednesday, May 25, 2022 09:09 AM IST