Bucher Industries Selects IT2

London, UK - 20 September 2007

IT2 Treasury Solutions announces that Bucher Industries, the Niederwenigen, Switzerland based manufacturing company, has selected the IT2 treasury management system for their cash and treasury operations.

Bucher Industries is a global technology group with leading market positions in speciality areas of mechanical and vehicle engineering. In 2006, Bucher’s sales amounted to CHF 2.1 billion. The group is organised into five divisions, and employs over 6,800 people globally.

According to Mauro D’Ambros, Bucher’s Treasurer: ‘After a thorough system selection process, we chose IT2. IT2 provides a process-driven Best Practice solution that we need to comply with ICS (Internal Control System – Swiss SOX) – this is achieved through the IT2 process maps. Our team really liked IT2’s structure and look; and we all felt that the IT2 team’s comprehensive commitment augurs well for our phased implementation project for 2007-08. Bucher is committed to a vision of treasury that will carry us forward for many years, and IT2 is central to realising our strategic objectives.’

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