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TwoFour Selected by Jefferies for Real-Time, Intra-Day Cash Management and Payments / Receipts Processing

TwoFour, a specialist provider of global real-time financial software solutions and a trusted consultancy have announced that Jefferies & Company, Inc. has selected its Cash Management (CM) solution. Jefferies provides investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income, foreign exchange, futures and commodities in the U.S., Europe and Asia . CM will provide Jefferies with intra-day real-time aggregation of balances and cash flows across their multi-entity, multi-currency environment as well as payments and receipts processing.

TwoFour’s solution is highly configurable and utilizes rules-based workflow management. “A significant factor in the original design of TwoFour was focused on enabling our clients to control how the system works for them,” said Dave Clark, TwoFour’s EMEA Managing Director. “TwoFour’s philosophy is to provide our customers with the best possible levels of support whilst enabling them to choose the amount of control they want of their system.”