Man Financial’s Treasury Goes Live with SWIFT-enabled IT/2

UK-based futures firm Man Financial, the brokerage division of Man Group plc, has gone live with IT/2, the treasury management system from SimCorp. The firm said that an improvement in productivity had enabled a reduction in treasury head count of more than 25 per cent. John Wilson, Director of Treasury, said, “Having integrated IT/2 with upstream and downstream systems, processing times for the thousands of transactions we have every day have been reduced dramatically.” IT/2’s SWIFT messaging functionality was upgraded during the implementation project. All cash instructions are now issued via SWIFT with positive echoes of despatch sent to upstream systems; banks provide real-time SWIFT advices of activity on accounts, which are imported into IT/2 for real-time reconciliation; and IT/2 provides a real-time liquidity forecast over user-defined time horizons for bank and cash book positions.


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