Inter-American Development Bank selects Trema’s leading cash management software

9 March 2006 – Trema, the leading provider of treasury and asset management software, announced today that the Inter-American Development Bank (IADB)/Banco Interamericano de Desarrollo (BID) has purchased TremaSuite™ to support its global cash management operations. The deal marks another milestone in Trema’s continued success in the Americas region and within the government sector, where the company rapidly is becoming known as the most comprehensive and innovative provider of treasury and cash management software.

Many financial institutions manage cash within multi-currency financial environments and between numerous bank accounts. Trema’s cash management system is a cost-effective solution that meets supranationals’ unique needs, such as replacing in-house control and payment systems with more efficient and transparent technological solutions.

“The past year was our most successful yet in the government sector, and we are delighted that the IADB has chosen TremaSuite™,” said Trema CEO Michele Fitzpatrick. “We look forward to working with the IADB and continuing Trema’s track record of success throughout 2006.”

“Development banks demand specific, broad-ranging capabilities when it comes to software support of cash management,” said Maggie Scarborough, research manager, Financial Insights. “The TremaSuite™ cash management solution is one type of solution that provides the flexibility and scalability that supports these banks’ current and future business needs, allowing for tighter controls and streamlined treasury operations. Trema’s knowledge and understanding of the issues facing this space position it well as a FinTech solution provider.”

The Trema cash management solution was developed based on continual research and two-way feedback from its expanding customer base both in the Americas and worldwide. The solution is designed to give tighter system integration with SWIFT, accounting and trading environments, as well as enabling real-time forecasting, automated reconciliation and streamlined transaction processing.