Fokker Treasury Takes Off With IT2
London and New York - 31 January 2012
Fokker Technologies implements best practice treasury management solution across Group.
IT2 Treasury Solutions today announces that Fokker Technologies has signed a contract to secure the IT2 Treasury Management Solution (TMS). The news is significant, as the solution will provide Fokker with enhanced financial infrastructure to accommodate growth across the five companies of the Group.
“IT2 equips Fokker Technologies to navigate strong growth, complex, often big, exposures and a diverse counterparty system with significantly increased confidence,” explains Jeroen Beljaars, Director of Treasury, Tax & Corporate Finance, Fokker Technologies. “The Group is securing a highly automated treasury that embodies best practice as recognised by both treasurers and auditors. Improved processes, visibility and risk management will yield definite financial advantages.”
The IT2 TMS will develop the Group’s ability to operate an in house banking function, empowering it to make best use of available bank relationships and funding. A comprehensive risk management and hedging programme will furthermore be supported, providing the means for the Group to identify and manage sources of risk and counterparty exposures. Also of note is a sophisticated ground up cash forecasting capability, enabling the application of statistical modelling and hedging to cash and liquidity planning. Web based remote reporting will be available to Fokker Group businesses via IT2 NET, providing for more timely, streamlined reporting to Group treasury.
“Fokker Technologies is securing a comprehensive solution for a mature treasury in a complex and challenging commercial environment” concludes Andrew Burns, Head of Sales, IT2 Treasury Solutions. “The combination of capabilities that the group has secured is impressive and give the group a highly robust financial and operational framework.”