Hays Goes Live With IT/2

Hays, the FTSE 100 company with a turnover of £2.4 billion, has chosen SimCorp's IT/2 to support its treasury management operation. Having recently completed implementation of the system, IT/2 is now supporting the control activity of the central corporate treasury department, including recording and helping to plan cash flow.

When it came to selecting a new system, Hays considered various options including outsourcing and a number of different system packages. After careful consideration, Hays selected SimCorp's IT/2 system. "IT/2 has many more facilities than our previous system," says Sally Reay, controller of group financial services for Hays, "it will enable us to centralise all control activities, more securely and with significant time savings."

Staff in the treasury department of Hays, an international group of companies that provides business-to-business support services, have commenced training on the IT/2 system.

"Corporate treasury is becoming more complex particularly as our group grows," continues Reay. "The IT/2 system will help us to manage the balance sheet and central treasury more efficiently. It will enable my staff to spend more time on value added work."

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