Wolters Kluwer N.V., Ernst & Young Global Limited, and FIS dominated the Latin America Treasury Software Market in 2021

Latin America Treasury Software Market is expected to grow with a CAGR of 2.35% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.

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Latin America treasury software market is a highly fragmented market, which includes a majority number of key players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players dealing in the Latin America treasury software market are introducing a strong range of products provider along with launching new products and adopting strategic initiatives such as acquisition, agreement, business expansion, awards, and recognition into the market. This helped companies to maximize sales with an enhanced product portfolio.

For instance:

  • In September 2020, Wolters Kluwer entered into an agreement to acquire XCM Solutions. This has provided the company an upper hand in a cloud-based workflow solutions provider for professional tax and accounting firms under finance solutions. The company is to earn profit by selling more services through this step, bringing a new source of revenue

Wolters Kluwer N.V. is the dominating player in the Latin America treasury software market. The other key players existing in the market are SAP, FIS, MUREX S.A.S, Finastra, Calypso, Kyriba Corp., Conta Azul, Oracle, ION, Ernst & Young Global Limited, among others.

Wolters Kluwer N.V.

Wolters Kluwer N.V. was founded in the year 1836, and headquartered is in South Holland, the Netherlands. The company is a global provider of professional information, software solutions, and services for clinicians, and accountants and provide services to customer across the globe. The company generated revenue through its various business segments such as health, governance, risk & compliance, tax & accounting, legal & regulatory, of which governance, risk & compliance are the market-focused categories. The company has several product categories including health, tax & accounting, finance, compliance, and legal, where finance is the market-focused category. The subsidiaries of the company are The Corporation Trust Company, (U.S.), Lippincott Williams & Wilkins, (U.S.), CCH, (Australia), Wolters Kluwer Canada Limited, (Canada), and Medknow Publications, (India), among others.

For instance,

  • In February 2022, Wolters Kluwer N.V. partnered with Broadridge Financial Solutions, Inc. This partnership has provided the company to extend the overall financial service offering to provide an end-to-end solution for tax & finance reporting. The company is hoping to capture an extra portion of the market through these steps

The company has a wide presence across the Americas, Europe, Asia, and the Pacific.

Ernst & Young Global Limited

Ernst & Young Global Limited was founded in the year 1989 and is headquartered in England, U.K. The company is engaged in developing financial software such as cash and liquidity management, debt management, and others for consumers. The company has several product categories including cash and liquidity management, debt management, currency risk management, and investment management, of which cash and liquidity management, debt management, currency risk management, and investment management are the market-focused categories.

For instance,

  • In September 2019, Ernst & Young Global Limited EY announced the launch of two digital solutions built on the Microsoft Azure cloud platform, EY Digital Energy Enablement Platform (DEEP) and EY UtilityWave. By this, the companies get helped to improve performance, gain efficiencies and support better decision making

The company has a presence in South America, North America, Europe, Asia-Pacific, Middle East and Africa.

FIS

FIS was founded in the year 1968 and is headquartered in Florida, U.S. The company offers a wide range of financial products and services in merchant, banking & capital market solutions. The company generated revenue through its various business segments such as merchant solutions, banking solutions, capital market solutions, corporate & others, of which banking solutions is the market-focused category. The company offers product categories such as Advance Integrated Banking, Grow Commercial Banking and Asset Finance, Run Banking Operations, Back Office Solutions, Create Next Gen Platform Banking, Manage Wealth and Retirement, Take Payments, Make Payments, Manage Payments, Optimize Operations and Control Risk, Manage Cash-flow and Capital, Enhance Trading and Investing, Discover Data Driven Insights, of which manage cash-flow and capital is the market focused category. The subsidiaries of the company are EFunds Corporation (U.S.), ChexSystems (U.S.), Virtus Partners, LLC (U.S.), GoCart LLC (U.S.) & Pazien, Inc. (U.S.) among others.

For instance,

  • In June 2021, FIS Launched a Series of AI-based Solutions with C3 AI for the financial services industry. The key feature of this solution was artificial intelligence technology to aggregate and analyze client data across financial crime detection systems such as know your customer (KYC), anti-money laundering (AML), and treasury management capabilities. This is a unique solution offered by the company to strengthen the financial services industry portfolio

The company has a presence across North America, South America Europe, Asia-Pacific, Middle East and Africa.