"We have had an unprecedented demand for the enhanced system," says Niels Beck, managing director of SimCorp IT/2, "we doubled the engineering resource and undertook major redevelopment of the system following our acquisition of the product from Bank of America. The enhancements that we have incorporated into the system have proved to be exactly what the market is demanding."
Enhanced features within the system include remote access, new user interfaces that greatly simplify information management, a nominal ledger module, additional debt and investment instruments, improved report writing facilities and additional database management and operating system platforms.
One of the most popular of the enhanced features is the new interface screens, which incorporate an easy-to-use grid display. They improve information management by providing users with intuitive and efficient access to the system’s functions. This includes the ability to update data in real-time, automatic totalling of amount fields and enhanced security. Further grid displays have been added to the system for the analysis of investment portfolios, management of cash positions and analysis of nominal ledger information.
Another significant new feature is the system’s support for remote access applications such as Citrix MetaFrame or NFuse. This allows access to IT/2 via intranets, extranets, local and wide area networks and public telephone networks. It supports the globalisation of a company’s treasury operation by enabling remote users to access the full functionality of the system either from their Windows desktop or through their web browser.
Exel, which has been a user of IT/2 for 2Â½ years, is one of the companies that has upgraded to version 4.00.
"Version 4.00 of IT/2 has enabled us to transform our treasury management operation, particularly via its ability to facilitate remote access through Citrix," says Andrew McMichael, Group Treasurer of Exel. "This allows us
to manage our back office function in a remote location, which ideally suits our post merger corporate structure."