Mecklai ties up with Chella Software

Mecklai Financial, India's leading Forex Risk Management Consultancy, and Chella Software, a leading Fintech Solutions provider, have announced the launch of Nimbus-M, a SaaS-based Forex Risk Management Service, in the Indian market. Nimbus-M combines Mecklai Financial's in-depth knowledge of the Forex markets with Chella Software's expertise in providing highly dependable software solutions and services to customers worldwide.

As Indian companies expand their international operations, connect to global supply chains, and access cross-border capital, effectively managing foreign exchange risks becomes an increasingly important factor in determining an organization's overall profitability and risk profile.

Nimbus-M is a cloud-based service that assists in identifying, measuring, and managing an entity's forex risk. Nimbus-M improves the speed and efficiency of Treasury operations, as well as the quality and speed of decision making, by accessing real-time data and automating workflows.

Speaking on 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 large financial market infrastructures use our products and services, and we are delighted in bringing this experience to Indian corporates. By providing timely visibility to exposure data, and by supporting the entire FX lifecycle, Nimbus-M is an indispensable tool for corporate boards, CEOs, CFOs and treasurers. Our partnership with Mecklai, the number one brand in India’s forex landscape, is first-of-its-kind. Our combined expertise backed by our impeccable track records offers unbeatable value to corporates looking to scientifically manage their FX exposures”.