Marriott International Selects IT2
8th July 2008
IT2 Treasury Solutions announces that Marriott International Inc. has selected the IT2 treasury workstation to provide a best practice solution for their domestic cash management and international cash and treasury risk management operations.
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OpusCapita and IT2 Conclude Treasury Partnership
3rd June 2008
IT2 Treasury Solutions Limited and OpusCapita announce the conclusion of their business partnership agreement, which will operate in the Nordic countries and the Baltic area.
“The IT2 partnership supports our strategy of growth and market expansion. At OpusCapita customer benefits come first. This partnership is our way of guaranteeing clients the most advanced solutions for all their treasury needs. Furthermore, the IT2 solution complements our cash and electronic invoice management offering well,” says Kari J. Mäkelä, CEO of OpusCapita.
“The OpusCapita agreement represents the latest step in our global programme of partnering with market leaders,” states Kevin Grant, CEO at IT2 Treasury Solutions. “Most importantly, working with a strong regional partner provides treasuries with the benefits of IT2 combined with the provision of local domain expertise in language, business culture and market practice. Presently, there is strong demand in the Nordic region to replace old technology with an integrated best practice solution.”
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APG Investments Selects IT2
29th May 2008
The administrator for the third largest pension fund in the world, the Netherlands based APG Investments, has selected IT2 as their new best practice cash management technology solution. APG was incorporated on 1 March 2008 in order to administer the collective pension scheme for the government and educational sectors in the Netherlands.
The APG business comprises one main entity (“APG”), which is split between 2 divisions - Pensions and Investments. The Pensions Division consists of 4 departments, whilst the Investments Division is split across 5 platforms managing approximately 50 funds, with more than 450 portfolios, and €217 billion of assets under management.
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Hyatt Treasury completes IT2 Treasury Workstation Implementation
13th May 2008
The Treasury department of Global Hyatt Corporation has successfully completed the majority of its IT2 treasury workstation implementation project.
Global Hyatt Corporation, one of the world's premier hotel companies, offers today's travelers over 730 hotels and resorts (over 136,000 rooms) in 45 countries. The company's affiliates own, operate, manage and franchise Hyatt branded hotels and resorts under the Park Hyatt™, Grand Hyatt™, Hyatt Regency™, Hyatt Resorts™, Hyatt®, Hyatt Place® and Hyatt Summerfield Suites® brands. In April 2007, Hyatt launched its newest global brand, Andaz™.
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Cable & Wireless Plc Selects IT2
6th May 2008
IT2 Treasury Solutions announces that London based Cable & Wireless Plc has selected the IT2 treasury management system as a best practice solution to support their central Treasury operations for Europe, Asia and the USA (EAU).
Cable & Wireless Plc is one of the world’s leading communications companies, operating through two standalone business units – International and EAU. The EAU business unit provides enterprise and carrier solutions to the largest users of telecommunications services across the UK, the USA, Continental Europe and Asia.
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Ideal Standard International Selects IT2
29th April 2008
IT2 Treasury Solutions announces that Ideal Standard International, a leading provider of innovative and design-driven bathroom solutions, has selected IT2 to provide a technology solution for their cash, treasury, treasury accounting and risk management requirements, in their Treasury department based at their global headquarters in Brussels, Belgium.
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SABMiller plc Selects IT2
22nd April 2008
IT2 has been selected by SABMiller, one of the world's largest brewing companies, to support their cash, treasury, treasury accounting and risk management business, for their Group Treasury Operations based in Woking, Surrey, UK. SABMiller’s turnover in fiscal 2007 was US$18.6 billion, with an EBITA of US$3.6 billion.
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Ladbrokes Selects IT2
28th January 2008
IT2 Treasury Solutions announces that Ladbrokes plc has selected the IT2 TMS to provide a best practice solution for their cash, treasury and risk management requirements.
Ladbrokes is the world’s largest fixed odds betting company, employing 14,000 people around the world. Revenue in financial year 2006 was £ 1.2 billion.
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CEVA Logistics Selects IT2
21st January 2008
IT2 Treasury Solutions announces that CEVA Logistics, the global supply chain management company, has selected the IT2 Treasury Management System as its cash and treasury management technology solution.
CEVA combines two logistical companies, TNT Logistics and EGL Eagle Global Logistics, which merged in August 2007. CEVA employs around 52,000 people, and operates an extensive office network with facilities in 151 countries. Its sales turnover in fiscal 2006 was € 6 billion.
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Besins Healthcare Selects IT2
14th January 2008
IT2 Treasury Solutions announces that Brussels based pharmaceutical company Besins Healthcare has selected the IT2 Treasury Management System to support its cash and treasury management operations.
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Nutreco Selects IT2
7th January 2008
IT2 Treasury Solutions announces that Nutreco Holding N.V. has selected the IT2 Treasury Management System to support its cash, treasury and hedge accounting requirements.
The Netherlands based Nutreco is an international company, specialising in animal nutrition and fish feed production. Nutreco has over 100 production and processing plants in more than 25 countries, and the group’s 2006 revenue exceeded EUR 3 billion.
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The IT2 Smart Cash Modeler Announced at North American User Conference
19th December 2007
At the IT2 North American User Conference held in New York City on December 7, IT2 Treasury Solutions announced that the newly-released version 6.3 of the IT2 Treasury Workstation features the innovative "Smart Cash Modeler" facility.
This major new offering empowers cash managers using IT2 to forecast cash flows automatically, with users given the choice between user-defined growth patterns, moving average and linear regression models to predict their cash positions, according to treasury policy. The Smart Cash Modeler uses the client’s data stored in the IT2 database as its information base..