Rémy Cointreau Chooses IT2

18 November 2008

Rémy Cointreau has selected the IT2 Treasury Management system to support its Brussels based group treasury operations, IT2 Treasury Solutions announces.

Rémy Cointreau is a world renowned beverage company, whose product portfolio includes Rémy Martin, Cointreau, Piper-Heidsieck, Metaxa and Mount Gay Rum. Their corporate turnover in fiscal 2007-08 was EUR 818 million, with an operating margin of 20.4%.

Rémy Cointreau selected IT2 to provide a best practice integrated system solution for a treasury that had previously used several different systems, resulting in the occurrence of undesirable control and efficiency issues. Besides gaining the benefits of systems consolidation, IT2 will, in a second phase, integrate Rémy Cointreau’s treasury operations with a SWIFT connection, facilitating web based bank communications.

In Rémy Cointreau’s TMS selection project, a key differentiating feature for IT2 was the system’s unique process maps, which drive, manage and document treasury processes, supporting best practice treasury control. IT2 is shipped with a library of treasury processes, offering ‘out-of-the-box’ streamlined and secure implementation.

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