Integrity Treasury Solutions signs SAAB AB

London, UK – Integrity Treasury Solutions today announced the signing of SAAB AB based in Linköping, Sweden. SAAB AB selected integra-T.com to support the company’s treasury and cash management requirements across its global business activities with strong emphasis on their cash management and liquidity forecasting, risk management and IFRS/IAS39 compliance.

Saab develops, manufactures and delivers advanced products and services for the defence market, as well as for those commercial markets where its capabilities create business opportunities. Saab is one of the world’s leading high-technology companies, with its main operations focusing on defense, aviation and space.

Saab has the world as its market, but research, development and production are carried out principally in Sweden. The Group has a total of approximately 13,000 employees. Total annual sales are SEK 17,250 million. Research and development corresponds to about 20 percent of turnover.

Saab Treasury is responsible for the Group’s liquidity management, internal bank, trading and external management of interest rate and foreign currency risks. Saab has to also manage risks in the order backlog amounting to SEK 46 billion. Export markets account for 65 percent of the order backlog. Comprehensive IFRS/IAS39 functionality was also high on their requirements list. To provide a fully integrated Treasury, Cash & Risk Management System, integra-T.com will be implemented at Linköping for use by the central Treasury Team

After reviewing several systems the choice of integra-T.com was based on its ability to deliver the best fit to SAAB’s specific requirements and provide flexibility. integra-T.com’s open platform and connectivity with banking software, electronic dealing systems and market data providers and its IAS 39 hedge accounting capabilities were key considerations in the decision.

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