“This is particularly important for US-based clients that have strict security standards and require proof we are meeting those requirements,” says Hunt.

“CNS Treasury is in the business of assisting companies to hedge their risk, whether it be foreign exchange, interest rates or commodities. We’re hedging our technology risk by working with an established player, Gen-i, to manage our core server infrastructure.”

CNS Treasury satisfied itself that the service would be in good hands by visiting a data centre, talking to other Gen-i clients and testing security for itself.

“We were comfortable with the level of security provided by the ReadyCloud services. I get concerned if someone can run off with your money, but that can’t be done with our software in Gen-i’s data centres,” Hunt says.

The only potential limitation on cloud services is bandwidth, Hunt says, which hasn’t proved an issue for CNS Treasury. With ReadyCloud Server hosted locally in Gen-i's secure data centres, it is accessible either through a Gen-i internet service or via Gen-i WAN Services, Gen-i’s private IP network.

CNS Treasury provides the same service-level agreement to its customers that Gen-i provides it, and with all the company’s server management outsourced, the company has minimised its own requirements for in-house IT support.

“With Gen-i hosting the service, CNS Treasury can focus on customer needs,” Hunt says, “which means providing global treasury management software that limits their risks and helps them comply with accounting rules.

“Gen-i has delivered us a solution that meets our needs now and will carry us into the future.”