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 Schulmanâs 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.