Statement is excited to announce that we've partnered with Morgan Stanley, a global leader in financial services, to provide corporate treasury teams with seamless access to Statement’s platform and Morgan Stanley products and services. As interest rates begin to decline, optimizing cash-on-hand is going to be more important than ever for Corporates seeking to drive efficiency and growth.
In 2023, cash held by U.S. corporates hit an all-time high at $4.15 trillion (and that is just indicative of the U.S.).[1] Yet, many finance teams, particularly those that operate globally and are distributed, lack real-time visibility into just how much and where their excess cash exists. That’s why we’ve partnered with Morgan Stanley Investment Management – combining their industry leading expertise and resources in liquidity management with Statement’s advanced AI-driven technology.
At Statement, we’re transforming the way treasury teams make investment decisions in the moments that matter. Our platform empowers finance teams with real-time cash-position data and actionable insights. In fact, for one customer, we were able to identify that they were consistently holding over $1M in excess cash per month in an account that they didn’t previously know they had. That customer subsequently moved that cash to a higher yield interest bearing account. Leveraging our proprietary machine learning models, we normalize, contextualize, and analyze our customers’ underlying financial data, equipping their finance teams with accurate cash position data and timely insights they can use. But of course, having good data is only the first step.
Morgan Stanley has long been at the forefront of innovation, delivering forward-thinking liquidity management solutions to their clients. Over recent years, Morgan Stanley’s Global Liquidity team has made significant technology investments in their CashInvest by Morgan Stanley platform. In addition to offering technology products and services through a single entry point, CashInvest is a robust cash management platform which offers their clients access to market-leading funds from Morgan Stanley as well as other third-parties.
Now, with the combined expertise of Statement in AI and technology, and Morgan Stanley in liquidity management, we are reshaping how corporate treasury teams manage cash. Our partnership integrates Statement’s AI for Treasury platform with Morgan Stanley’s best-in-class liquidity management solutions, allowing corporate treasury teams to get the best of both with the ability to obtain complete visibility and real-time insights into their cash positions and invest that cash with a trusted and leading liquidity management partner. Together we are enabling our corporate clients to optimize cash like never before.
“At Morgan Stanley, we are deeply committed to being more than just an investment manager to our corporate clients,” says Fred McMullen, MD of Global Liquidity Products. “We strive to be the partner they turn to for all aspects of their treasury and financial needs. Our collaboration with Statement underscores this commitment. By aligning ourselves with a cutting-edge technology partner like Statement, we are meeting some of the most critical treasury needs of our clients, including the delivery of better data and advanced cash-flow forecasting capabilities."
This partnership represents a shared vision to transform corporate treasury management, offering a smarter, more efficient way to optimize cash. With AI-driven, real-time insights into their cash-flow forecast from Statement, and access to the leading money market fund providers through CashInvest by Morgan Stanley, corporate finance teams can build resilience and drive growth like never before.
For more information on how you can get started, please reach out to morganstanley@statement.io, or contact your Statement or Morgan Stanley relationship manager.
[1] The Carfang Group, U.S.Corporate Cash Sets Record, Anthony J. Carfang, September 13, 2023, https://www.thecarfanggroup.com/insights
