Chicago, August 30, 2001 – Integrity Treasury Solutions today announced the recent signings of several new clients in Europe and the US.
Alpharma Pharmaceuticals, a leader in specialty pharmaceutical products is based in Oslo, Norway with multi-national interests and major operations in Norway, Denmark and the USA. Alpharma intend to use Integrity’s netting functionality to better manage their cash positions.
VNU, a major European based publishing and media group who recently acquired the AC Nielsen Group, has also joined the growing list of multi-national companies who have found Integrity’s integrated cash and risk management to be the best solution for their treasury operations.
Invensys plc, an electronics and engineering firm headquartered in London with operations in the USA will be implementing front and back office functionality initially, adding accounting, cash management and netting functions at a later date.
ING DIRECT USA recently added a second site using integra-T in Wilmington, Delaware. ING DIRECT has been a client since 1997, using Integrity’s interest rate and derivatives modules which include all related settlements, cash management and accounting in its Toronto location. ING DIRECT arrives in the US with a greater-value alternative to conventional banking. ING DIRECT USA delivers core financial products that include a high interest savings account and a low interest loan account.
"The broad range of functionality required by each of these clients is testament to the strength and flexibility of the products we provide" states Les Halpin, chief executive of Integrity Treasury Solutions. "From cash flow forecasting to commodity and foreign exchange risk management, Integrity offers a powerful solution."
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