Hartlepool BC contracts for Latima from Treasurynet

Treasurynet, the specialist provider of Treasury and Cash Management systems for the Public and Corporate Sectors, is pleased to announce that Hartlepool Borough Council has signed contracts for the implementation of the Latima, the Treasury Management System for Local Authorities.

Chris Little, Assistant Chief Financial Officer for Hartlepool BC said, ‘the introduction of Latima will enable us to replace a number of spreadsheets that are currently used to support our treasury operations with a view to mitigating the associated business and operations risks. As a multi-entity system, Latima also enables us to support the treasury operations of Cleveland Fire Authority through the same system. A further major attraction of Latima is the ability to implement the system as an Internet delivered service on a monthly rental scheme with no capital costs. This will greatly assist us meeting our objective of delivering a cost effective service to the Borough’

Geoffrey Corston, Managing Director, Treasurynet said, ‘as a specialist system for local authorities, Latima provides a secure, ordered business process that enables the treasury officers to focus on the qualitative aspects of managing their operations. Further, by opting for delivery by ASP, the implementation process can be completed with minimal disruption and impact on their day-to-day business process.’

Being designed and built to be fully scaleable across a number of technical environments, the Treasurynet product suite is easily distinguished from some of its legacy 'stand-alone' or 'LAN-based' competitors.

The systems can operate successfully and securely on a standalone computer, a departmental workgroup or company LAN, a multinational WAN/intranet or the web. Importantly the system will maintain optimum performance regardless of its operating environment.

In addition, the modern systems design architecture expands the choices available to clients when considering the most cost effective and efficient implementation environment to meet their needs.

The user base includes both types of installations with Internet delivery being the option of choice for a number of UK Local Authorities and Housing Groups with Intranet the preferred option of larger multi-national corporate clients.

Treasurynet products:
Latima for Local Authorities
Ethos for Housing Associations
TreasurInet for Corporates

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