Ideal Standard International Selects IT2

London - 29 April 2008

IT2 Treasury Solutions announces that Ideal Standard International, a leading provider of innovative and design-driven bathroom solutions, has selected IT2 to provide a technology solution for their cash, treasury, treasury accounting and risk management requirements, in their Treasury department based at their global headquarters in Brussels, Belgium.

Ideal Standard International’s use of IT2 includes bank account reconciliation, short term funding and investment, and in-house banking. Additionally, the system supports trade finance, multilateral invoice netting, financial and counterparty risk management plus US GAAP and IFRS accounting. In an STP solution, IT2 is interfaced with SAP, ABN-Amro Access On-line and market rate feeds.

IT2 has been fully implemented at Ideal Standard International, and is in live operation.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development