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XRT Global Treasury Management System

Sonelgaz Optimizes Financial Flows Management
With the XRT Global Treasury Management System

Banking Relationship Management module enables power company to draw substantial financial gains KING of PRUSSIA, December 20, 2000æXRT has designed and implemented a special global treasury management and debt optimization system for Sonelgaz, Alger, Algeria, that interfaces with all of its account and client systems. Sonelgaz benefits from the system's treasury management functions, including short term treasury forecast, high-volume processing of bank and account reconciliation and complex multi-currency debt management.

A joint effort by Sonelgaz’s partner banks, including Banque Nationale d’Algérie and CCP, helped implement the system which is now operating in the Central Treasury. The unique system enables optimum daily cash flow transfers and substantial financial gains.

Following an international call for bids, Sonelgaz selected the XRT Global Treasury Management System for its capacity to import bank protocols, as well as its functional ability. XRT’s cultural and operational familiarity with Africa and the Maghreb region, and its ability to establish a treasury management culture in under-equipped areas, were critical factors in Sonelgaz’s selection of a management system.

Continuing evolution of the system will allow the new Sonelgaz Group holding company to use its forthcoming group treasury functions and real-time electronic banking transfers.

About XRT
XRT (Paris Second Marché: XRT, code 5458) is established as an architect of secure financial flow systems for companies. Having been the precursor of Banking Relationship Management, XRT offers a truly global solution to meet companies' need to control their treasury, financial risks and payments in an environment which provides complete security for companies' internal as well as external financial flow chain. XRT has formed strategic alliances with technology companies such as Citrix, Cognos, Microsoft, Novell and Oracle; world-renowned information service providers (ISVs) such as Business Objects, GEAC, JD Edwards, People Soft and SAP; and banking partners such as ABN-AMRO, Chase, Commerzbank, Crédit Agricole, Ing Bank and La Caixa. These partnerships combined with XRT international presence (clients in 55 countries) and its high level of expertise has enabled the Company to achieve a client base of over 10,000.