Trema Delivers New Integrated Cash and Treasury Management Suite Four Months After Acquiring Alterna

- The suite delivers a market leading solution for real-time end-to-end financial resource planning, management and control.

London, 19 May 2004 - Trema, the premier provider of strategic software solutions for the financial industry, today announced the launch of version 6.5 of its fully integrated cash and treasury management product suite. This latest version of Trema technology integrates Alterna's cash management product with Trema's industry leading treasury and asset management functionality to deliver the market's most comprehensive financial resource management solution for global corporations and financial institutions.

By facilitating tight integration with ERP systems, interfacing with external banking counterparties and deploying web-based tools, the solution delivers financial resource planning, management and control from the subsidiary level through to central treasury. The suite comprises Trema's proven core transaction and risk management solution, designed to support front to back office treasury operations, as well as specific applications for cash management and accounting. This flexible, modular approach enables the solution to be installed at a pace that suits an organization's requirements.

Key benefits of the integrated solution include:

- Complete visibility and transparency of an organization's world-wide financial position due to the provision of a single database for all financial instruments.
- Tighter control and auditability of treasury-related financial processes from subsidiary level to central treasury, supporting compliance with Sarbanes-Oxley, facilitated by one integrated rules-based process flow for all entities and instrument classes.
- Compliance with IFRS and FASB accounting standards through support of the entire financial data lifecycle, including hedging.
- Integration of commercial and financial flows, enabling the creation of payment factories and in-house banks to deliver measurable ROI through better working capital management, and reduced banking fees and transaction charges.

In addition, by combining static and transaction data, shared by both cash and treasury management in a single system, Trema's solution avoids the need to re-key data and maintain system interfaces. This significantly reduces operational risk. Users also benefit from low cost of ownership due to single implementation and significantly reduced running costs, as well as a single user interface for both cash and treasury functions enterprise-wide.

Jeanne Capachin, Research Director, Financial Insights, comments, "Integrating cash and treasury is becoming increasingly important as unfavorable credit markets are forcing corporates to look internally as opposed to externally for funding. Complete visibility of all financial flows enterprise-wide and effective cashflow forecasting are imperative for a treasury to be able to successfully manage funding and liquidity requirements in-house. Integrated solutions such as Trema's will be instrumental in enabling corporates to cope with the pressure to reduce costs while having to deal with increasing regulatory and accounting pressures."

Michèle Fitzpatrick, CEO, Trema, comments, "Before acquiring Alterna, we spent a great deal of time evaluating the technology and its functional and architectural merit. The speed with which the integration has taken place and the superiority of the new product is testament that we made the right decision. This new product suite puts Trema in a totally unique position as the only vendor who can deliver seamless, end-to-end financial resource management to treasury and financial professionals, allowing them to deploy the technology at their own pace. The solution offers complete front, middle and back office services for a wide range of asset classes and instruments, from operational cash management, to the provision of in-house banking services, through to the generation of compliant accounting entries."

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