London, UK – Integrity Treasury Solutions today announced the signing of SICK AG based in Waldkirch, Germany. SICK AG has selected integra-T.com to support the company’s international business activities with an emphasis on their cash and risk management requirements.
SICK is one of the world's leading manufacturers of electronic sensors and sensor systems for industrial applications. Whether automating factories or processes – SICK is a technological and market leader. The company, founded in 1946, now has more than 40 international and national subsidiaries, numerous agencies and several affiliated companies. SICK's sensors assist in controlling many applications - from A, for the automotive industry to Z, for zone monitoring - reliably and efficiently while protecting people from accidents and preventing environmental damage.
The main tasks for their Centralised treasury in Waldkirch are financing, debt management, cash management, interest rate, foreign exchange and credit/counterparty risk management. integra-T.com’s ability to deliver compliance with accounting standard IFRS39 was high on the list of priorities and integra-T.com’s open platform and connectivity with banking software, market data providers and their accounting system were also key considerations.