TremaOne™ to increase treasury control, transparency and capacity across Europe
17 May 2006 – Trema, the leading provider of treasury and asset management software, announced today that it has been selected by Sylvania Lighting International (SLI) to deliver cost-effective, seamless and easy-to-use cash management, deal administration, risk management and accounting within its European Treasury operation, located in the UK.
Widely recognised as best in class, TremaOne™ combines a unique breadth of treasury functionality with strong end-to-end integration and automation capabilities for mid-sized treasuries. The solution provides an array of new enhanced features and lets treasurers manage their cash and bank relationships globally to deliver a proven, secure route to positive ROI.
TremaOne™ is already operational within the key treasury function of managing the money market book. The team is currently completing the integration process, with SLI’s banks, accounting system and dealing, electronic confirmation and market rates systems. This implementation will increase the control, transparency and capacity of SLI’s European Treasury and also help support FX hedging, facility management, inter-company operations, bank account reconciliation and zero-balance cash pooling, in an automated, secure environment.
Brendan McGraw, Group Treasurer of Sylvania Lighting International, commented: “TremaOne™ is an effective, innovative corporate treasury solution that is quick to install, easy to use & maintain. It will help us deliver best practice by improving control, transparency and capacity across our operations.”
“We are delighted to have secured SLI’s business. They are just the kind of successful, rapidly growing company that will benefit from the enhanced treasury efficiency that TremaOne™ affords,” said Kevin Grant, Regional Vice President for Northern Europe at Trema. “Trema and SLI have set up a joint project team that is working well together to deliver a top quality implementation.”