Park Square Capital implements Hazeltree Cash Manager
Park Square Capital, a private debt manager with over $10 Billion in AUM, providing senior debt, subordinated debt and mid-market direct loans to companies in Europe and the US, has implemented Hazeltree Cash Manager as its treasury management solution.
Park Square has implemented Hazeltree Cash Manager to centralise capital activity, improve operational efficiency and strengthen internal controls. Park Square has partnered with Hazeltree to centralise and automate its manual processes around cash aggregation across all its banking counterparties, cash movements and workflows, and approval processes to support growth without additional headcount.
“The pandemic-fuelled ‘work-from-anywhere’ environment is making it critical for all organisations to ensure their cash management controls are robust,” said Andrew Haywood, Partner and CFO of Park Square Capital. “Hazeltree’s technology, in addition to its deep understanding of the fund management business, made it clear that they are the right partner for us. Using Hazeltree, we have experienced significant improvements in our cash and treasury management processes.”
“The pandemic has pointed a spotlight on the need for tighter controls around cash and treasury management to support the remote work model that is likely to outlive the current crisis,” says Sameer Shalaby, President and Chief Executive Officer of Hazeltree. “Private markets CFOs and COOs are taking major steps toward making their organisations more robust, scalable, competitive and efficient.”