Teleplan chooses the IT2 Treasury Management System

12 September 2008

Teleplan is headquartered in Zoetermeer, in the Netherlands. It is one of the top suppliers of high tech after sales services and provides total service solutions for the world of Computers, Communications and Consumer Electronics (“3C’s”). Teleplan’s “3C’s” are made up of 9 product groups in total, with which it is able to serve the industry in its entirety. The focus of the Netherlands based company is the provision of high-tech services around the globe. Teleplan currently operating from 22 sites in Europe, North America, Asia and Australia and has plans to continue the recent expansion, including the addition of more locations. Teleplan was established as a private company in 1983, and was floated in 1998 on the Frankfurt Stock Exchange; since then it has enjoyed rapid growth through both acquisition and sustained organic development. In financial year 2007 Teleplan reported a total annual revenue of EUR 281.7 million (EUR 242 million in 2006). Teleplan’s Treasury operations is centralised within it’s Group Treasury based in Zoetermeer.

Teleplan selected IT2 for their Group Treasury to bring its existing operations to the next level by increasing productivity and control through the automation of manual processes and implemention of industry best practice workflows in its daily Treasury activities. This will support the optimisation of working capital management through enhanced cash forecast preparation and analysis. Teleplan will deploy the IT2 NET module to facilitate information collection from its global subsidiary network; IT2 NET will also empower the subsidiaries to access their Treasury reports on a 24/7 basis. IT2’s unique process mapping, workbench and management dashboard tools will enable Teleplan Group treasury to deploy a best practice solution that will strengthen processes and provide greater insight into Treasury management reporting such as cash flows, FX and interest, risk exposures, on an enterprise-wide basis.

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