Rémy Cointreau has selected the IT2 treasury management system to […]
Rémy Cointreau has selected the IT2 treasury management system to support its Brussels based group treasury operations, IT2 Treasury Solutions announces. Rémy Cointreau is a world renowned beverage company, whose product portfolio includes Rémy Martin, Cointreau, Piper-Heidsieck, Metaxa and Mount Gay Rum. Their corporate turnover in fiscal 2007-08 was EUR 818 million, with an operating margin of 20.4%.
Rémy Cointreau selected IT2 to provide a best practice integrated system solution for a treasury that had previously used several different systems, resulting in the occurrence of undesirable control and efficiency issues. Besides gaining the benefits of systems consolidation, IT2 will, in a second phase, integrate Rémy Cointreau’s treasury operations with a SWIFT connection, facilitating web based bank communications.
In Rémy Cointreau’s TMS selection project, a key differentiating feature for IT2 was the system’s unique process maps, which drive, manage and document treasury processes, supporting best practice treasury control. IT2 is shipped with a library of treasury processes, offering ‘out-of-the- box’ streamlined and secure implementation.