Sapa selects Trezone

25 November 2008

Exidio is pleased to announce Sapa as a client on Trezone, the leading Web-based B2T (Business-to-Treasury) solution. Sapa’s intra company FX hedging and Money Market needs are now handled on-line and automatically synchronized with their TMS.

Lars Persson, Group Treasurer of Sapa, explains the background: “The size of Sapa has more than doubled during the past two years. Despite the increasing amount of issues to deal with, we want to maintain a centralized, slim and clever treasury organization, in line with the Genesis projects that runs in the group and is about enhancing our productivity. Genesis in Treasury was launched to scrutinize treasury processes and to eliminate waste of time and money – with the objective to cut time spent on reporting routines by 50% while continuing to provide our business units with excellent risk management services.”

“We had the opportunity to speak with other Trezone users, which gave us a firm understanding of the functional capabilities and integration to our TMS”, Mr Persson continues. “The set-up and configuration of the service was fast and straightforward. With Trezone and other components of our lean treasury operations, we expect our project to meet its goals.”

Exidio CEO Timo Hämäläinen gives the new client a warm welcome and comments: “Sapa can be seen as a role model for treasuries who are struggling with resource and time management. Instead of asking their team to cope with the increased workload, they made a firm decision to cut the fat out of processes. B2T tools can eliminate much of the manual spreadsheet work and allow treasury specialists to focus on value adding tasks.”

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