Alba’s Treasury Deploys SimCorp’s IT/2

SimCorp’s IT/2 treasury management system has been deployed by Alba and the expected benefits include better visibility of information, reduced risk and a saving in treasury headcount. “We now have five major UK companies with many European and Asian trading partners, and that’s given rise to increasingly complex foreign currency cash flows,” says Perry Charles, Alba’s Group Financial Controller. “We had reached the point where our spreadsheet-based system would soon become a risk – we needed a more robust, purpose-built system, which could be used collaboratively within the company,” he adds. Alba’s initial use of IT/2 will focus on foreign exchange position keeping, forecasting and trading.


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