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

TwoFour Systems, LLC (“TwoFour”), a specialist provider of global real-time Foreign Exchange and Cash Management software for the financial services industry, announced today that Jefferies & Company, Inc has gone ‘live’ with their US and UK-based Jefferies Bache Treasury business on TwoFour’s Cash Management solution, TwoFour CM. The move to production follows a six month implementation project in which TwoFour and Jefferies collaborated to configure and implement TwoFour’s highly adaptable solution to meet Jefferies’ requirements. 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.

TwoFour’s solution provides Jefferies with intra-day real-time aggregation of balances and cash flows across their multi-entity, multi-currency environment. The solution additionally consolidates cash forecasting and processing of payments and receipts in one core system and provides global real-time liquidity views, intraday cash-flow matching and exception handling. These features yield reduced settlement risk while increasing funding accuracy for Jefferies. Using TwoFour’s robust blotter functionality users can easily drill down from consolidated balances to the actual cash flow item level. This feature allows for a quicker resolution of issues and optimal use of funds which increases Jefferies’ market efficiency and client satisfaction.

“The flexibility of TwoFour’s workflow-based solutions allows our implementation teams to work closely with clients and ensure TwoFour’s software is adapted to meet their business. Clients don’t have to change their business model to adapt to TwoFour,” said Paul Radding, TwoFour’s Director of Client Services. “TwoFour’s extensive usability allows us to train the client to configure features such as screen layout, reports, interfaces, and workflows as their requirements evolve over time. We aim to empower our users.”

TwoFour’s usage is now undergoing a planned multi-phase expansion for more than 200 users across Jefferies’ other affiliates in the U.S., Europe and Asia.