IT2 Treasury Solutions announces that A. Schulman Inc. has selected IT2 to be their treasury workstation.
The IT2 implementation will support treasury operations based in Akron Ohio, Mexico and Bornem in south-west Belgium. IT2 will provide a best practice solution to fulfil a range of business requirements, including:
Global visibility & management of cash.
Global visibility & management of FX and interest rate risk.
Strengthening the controls over cash and bank relationship management.
Operation of the European in-house bank, including inter-company lending & borrowing operations.
End-to-end provision of transparent and secure treasury workflows.
Automating the execution of business processes, reducing and/or eliminating manual tasks wherever possible.
Increasing the effectiveness of management reporting by automating the creation and distribution of key management reports.
IT2 will provide a secure and robust platform for Schulman’s global treasury to manage cash and risk in an efficient and controlled environment, replacing a spreadsheet-based solution. The IT2 system will be hosted, providing Schulman with the benefits of a specifically configured TWS solution combined with technology outsourcing.