ENTARENA Inc., the specialist in combining innovative communication formats with business information, announces its first customer. One of the largest airlines in the world has agreed to implement ENTARENA in its treasury department. The airline has signed a five year agreement and will use the services to improve control, monitoring and communication around banking fees and commissions.
Today, corporate treasuries have to go through a cumbersome and often manual process to find out how much money they spend with their banking partners. It takes treasury analysts several days to prepare a single bank meeting as they have to collect the relevant information from multiple IT systems. This is compounded by the fact that treasury analyst typically manage dozens of banking relationships world-wide.
Now, with ENTARENA, treasury employees are able to display, filter and analyse mission critical information on-demand in customizable dashboards. They can process internal data of ERP, trading, treasury and banking systems as well as external data such as market news. Furthermore, they communicate with co-workers directly in context of the data within the dashboards. The messages can be kept private or shared with the team. While the dashboards better leverage the data from existing IT systems, the communication features spread knowledge within the treasury department more effectively.
Dirk Lueth, CEO of ENTARENA says: âWe are very proud to get such a reputable airline as our first customer. It shows that we are uniquely positioned to meet an unfulfilled market need. Thanks to ENTARENA, employees can more easily stay on top of mission critical data and communicate in a much more convenient manner.â Daniel Andres, ENTARENA Business Development adds: âOur unique dashboard approach with the integrated communication features convinced the airline to start the project which has been on their minds for several years. From now on treasury employees will be better informed when they enter review and negotiation meetings with their banks. The airline will be able to dramatically reduce bank related cost and treasury employees will have more time for qualitative work.â