The leading web resource for financial technology

email this aricle - Mako Chooses IT/2 Choice - print this article - Mako Chooses IT/2 Choice -
Mako Group (Mako), the derivatives specialist group, comprising proprietary trading, broking and investment management companies, has selected SimCorp’s IT/2 Choice to administer its corporate treasury. The system was chosen after the company decided to establish a formal corporate treasury management function headed by corporate treasurer, Eileen Tindall.

Initially, Mako will use IT/2 Choice primarily for cash management, risk management and transaction capture. Because of its flexible nature, IT/2 Choice, can be expanded to cope with a higher level of functionality as and when required.

"Furthermore, with IT/2 Choice, we were able to trial the modules before making a commitment to the system," said Tindall.

Launched earlier this year, IT/2 Choice is the first corporate treasury management solution that is available with a free two months’ trial and without the charge of an initial license fee.

The implementation process for IT/2 Choice is usually very swift. In Mako’s case, one week after an initial presentation of IT/2 Choice an agreement was signed with SimCorp. Ten days after signing for IT/2 Choice, the system had been installed, training was complete and IT/2 Choice was operational at Mako treasury.

"Mako is a typical example of how IT/2 Choice enables companies to select and implement our leading-edge corporate treasury management system in a very short time frame," says Patrick Coleman, sales director for SimCorp IT/2. "For most companies this means major cost savings as they no longer have to deploy scarce treasury resources in a protracted selection process. As an added bonus they also do not have to pay an initial licence fee."

Comments (0)

No one has commented on this yet. Be the first!
Add your comment - Max 1000 characters used
More news

More from this company