MCLEAN,
Va., Aug. 13, 2024 /PRNewswire/ -- 22nd Century
Technologies, Inc. (TSCTI) is pleased to announce the acquisition
of TreasurySoft, a leading specialist in PeopleSoft and Oracle
Fusion ERP Treasury Management Systems. This strategic move
strengthens TSCTI's commitment to providing advanced Oracle Fusion
and PeopleSoft solutions that enhance control, visibility, and
transparency across corporate treasury, banking platforms, and
financial operations.
TreasurySoft is a leader in driving efficiency and offering
real-time insights across critical financial functions including
cash management, investment management, deal management, and risk
management. These applications support a wide range of operational
areas such as payables, payroll, grants, leases, financial close,
receivables, corporate banking, and accounting.
"This acquisition marks a pivotal moment for 22nd Century
Technologies," said Anil Sharma, CEO of TSCTI. "By bringing
TreasurySoft into our fold, we are not only expanding our ERP
capabilities but also setting the stage to provide tailored
solutions that extend and optimize Oracle ERP implementations.
TreasurySoft's ability will enable us to deliver more robust,
efficient, and integrated solutions on top of existing Oracle
platforms. We are excited about the possibilities this acquisition
brings and look forward to delivering enhanced value to our
customers."
With the addition of TreasurySoft, 22nd Century
Technologies will expand its ERP practice, offering digital
transformation solutions tailored for federal, state, local and
transit agencies. Backed by their dedicated Center of Excellence
and deep expertise in areas such as digital finance transformation,
strategic program management, and enterprise-wide risk mitigation,
the company is uniquely positioned to deliver seamless Oracle ERP
implementations and ongoing financial system optimizations. 22nd
Century's advisory-driven TSCTI+ methodology seamlessly integrates
key modules like Finance, Projects, Procurement, Supply Chain
Management (SCM), Enterprise Performance Management (EPM), and
Human Capital Management/Payroll (HCM/Payroll), leading to
streamlined operations and enhanced financial oversight. This is
further augmented by their proprietary Robotic Process Automation
(RPA) and Generative AI tools, ensuring delivery of high-impact
efficiency gains, robust compliance, and superior financial
governance.
About 22nd Century Technologies:
22nd Century Technologies, Inc. (TSCTI) is one of the
fastest-growing public sector-focused companies headquartered in
McLean, VA. With 6000+ employees
nationwide and 400+ contracts, TSCTI is currently supporting many
of the nation's mission-critical programs in Digital
Transformation, Cloud Migration, Application Modernization, IT
Infrastructure, Cybersecurity, and Workforce Solutions. TSCTI's
product suite consists of IDPBot, ERPKick, CAD/RMS and biometric
solutions.
For more information, visit TSCTI.com.
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SOURCE 22nd Century Technologies, Inc,