Dometic Group Takes Heat Out of Treasury Management

Copenhagen, Stockholm, London and New York - 26 June 2012

World leading leisure comfort product supplier initiates treasury project with OpusCapita and IT2 Treasury Solutions

IT2 Treasury Solutions today announces that Dometic Group has selected the IT2 treasury management solution. The deal, brokered by OpusCapita, an Itella Information company, will enable the business to secure the benefits of efficient central control and visibility of treasury business and exposures at its Stockholm treasury department.

“Governance, efficiency and the transparency of treasury operations are at the heart of this project” explained Patrik Hallerström, Group Treasurer, Dometic Group. “We are on course to establish straightforward, systematic control of our global interest rate and FX exposures with a centralised programme of reporting and hedging. Across all areas of our treasury business, Dometic Group will improve the integrity and scope of management and financial information.”

Supporting these objectives, a web-based process for group-wide balance and forecast reporting and notional pooling will be introduced across the group’s more than 120 bank accounts through the roll out of IT2 NET at the company’s subsidiaries.

“Streamlining workflows is also important to us,” confirms Hallerström. “By ensuring that treasury business processes, including the use of dealing and accounting systems, market data and communication with banks, are executed within a single, integrated environment, we look to secure efficiencies and cut operational risk.”

“Best practice processes, comprehensive visibility and cash forecasting is a powerful combination. That Dometic Group is freeing up treasury resources to fulfil more value-added roles is highly significant and will secure tangible benefits,” added Mona Henriksson, Director, OpusCapita.

Concluded Ulrich Rosenquist, Regional General Manager, IT2 Treasury Solutions: “We are pleased that Dometic Group has selected IT2. It will prove to be a key tool for the navigation of global markets and the safe management of cash, liquidity and risk within policy.”

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