"SimCorpâs IT/2 Choice concept of no initial license fee has given us cost effective access to a premier treasury management solution," said Hennie de Klerk, managing director of TreasuryOne. "We are very pleased to be able to improve the service we offer our clients by delivering it on the proven IT/2 treasury management system."
TreasuryOne will use IT/2 to make services that are offered to its clients more secure and efficient. Using IT/2 NET, one of IT/2âs modules, TreasuryOneâs clients will be able to communicate with their treasury service provider, via the web. This includes transactions such as: fund transfers, deal requests, cash forecasts and foreign exchange exposures. Furthermore, TreasuryOne clients will be able to use IT/2 NET to run treasury reports at any time of day or night. "In addition to the treasury expertise that we offer, our clients will have the added benefit of knowing that their treasury operations are being managed on a secure platform with best practice treasury controls," said Hennie de Klerk.
"This is another great example of how IT/2 Choice delivers cost effective benefits," said Patrick Coleman sales and marketing director of SimCorp IT/2. "It was easy for TreasuryOne to see that the IT/2 Choice package, without an initial license fee, was a highly efficient way of increasing the service offered to its clients. With IT/2 Choice, South African corporations have cost effective access to the treasury expertise of TreasuryOne and the power of the IT/2 treasury management software."
The IT/2 Choice business model enables the system to be available on a free two monthsâ trial and without the charge of an initial license fee. It is the first and only corporate treasury management solution to be available on this basis. The system is also available in the traditional business model, if required.