Schroderâs will deploy IT2 to manage the groupâs property investment financing, and for all aspects of the related cash management operations. Schroderâs investment in advanced support for cash management reflects a contemporary trend to focus technology investment on cash management operations. This shift of emphasis is driven by the credit crunch, and is seen in both financial institution and corporate treasury departments. IT2âs breadth and flexibility for managing diversified asset classes such as property was an important consideration in the system selection project.
Roger Lees, Chief Operations Officer of Schroder Property Investment, explains: âIT2 will provide us with an integrated STP solution that encompasses the financing of property investments, cash and liquidity management and forecasting, internal and external loan administration, interest rate hedging, financial risk analysis and performance reporting. We selected IT2 because it offers a robust, single integrated platform for managing STP treasury operations, eliminating spreadsheets and providing strong audit features through the IT2 process maps. IT2âs strong track record in this market was also a contributing factor. IT2âs demonstrable added value provided the justification for our investment.â
âIt is encouraging to see Schroder Investment Management, a blue chip asset management company, committing to IT2 at a time when technology investment is subject to intense scrutiny,â adds Kevin Grant, IT2 Treasury Solutionsâ CEO. âToday, there is an enhanced focus on integrated and powerful cash management among investment company treasury and funding managers, and IT2 is strongly positioned to provide superior solutions to these sectors.â