NEW YORK, NY, February 7, 2006 -- Thomson Financial, an operating unit of The Thomson Corporation (TSX: TOC, NYSE: TOC) and leading provider of information and technology solutions to the worldwide financial community, today announced that Treasura, the first comprehensive treasury âSoftware-as-a-Serviceâ offering has attracted over 50 new organizations to the service since being launched a year ago in North America. Companies such as Amazon.com, Key Energy Services and The Corky McMillin Companies will benefit from Treasuraâs full range of functionality including market data, liquidity, financial, portfolio and risk management.
Designed to centralize geographically dispersed treasury operations, Treasura offers a value-driven solution to companies who wish to execute treasury management functions over the Internet. Treasura allows customers to access the system 'anytime, anywhere', enabling maximum flexibility for their treasury management needs. Other factors contributing to the growth of this product include low subscription cost, quick set-up of the service, little IT involvement needed as well as the elimination of capital approval.
Barbara McCrink, Assistant Treasurer of The Corky McMillin Companies, understands the value proposition and commented, âItâs a win/win situation when an organization can subscribe to such a powerful treasury tool and at the same time limit the financial and human expenditure. Because of the Treasura solution, within weeks an organization can become fully operational with a first-class treasury solution.â
âTreasura offers the same high power productivity of a network operating workstation without the technological headaches. Its ease and flexibility compliments the movement of Treasury Departments as they head into a more mobile, global economy. Thomson Financial's innovation continues to be at the forefront of world treasury operations,â said Marcus Cameron, Cash Manager, Olin Corporation.
Jacqueline Corbett, Vice-President Products, Thomson Financial adds, "This influx of customers is great but no surprise to us. There are other Web-based options in the marketplace but our years of treasury domain experience, coupled with a product that is mature and richer in functionality than any other, makes it the obvious choice for companies looking to maximize efficiencies and automate their processes.â
Â· 100% browser-based, allowing accesses anywhere, anytime.
Â· Independent of any software downloads.
Â· A global solution that helps centralize geographically dispersed treasury operations.
Â· Easy to implement and easy to use - with an intuitive and user-friendly interface.
Â· Value-driven â unlike traditional systems, Treasura offers a pay-as-you go plan.