Dutch pharmaceuticals, coatings and chemicals group Akzo Nobel will implement The Trema Suite at its central treasury. The Trema Suite will replace three systems currently used for core treasury and in-house banking functions, plus a number of additional applications. The system will be implemented in central treasury and will link to 200 remote sites. The implementation is part of Akzo Nobel’s Trust Project (Treasury Upgrade of System), designed to achieve three core objectives: improved risk management information and reporting consistency; systems sustainability and reduction of interfaces; and cost reduction both in terms of IT support and efficiency of treasury processes. Frederik Stolwijk, project manager for Akzo Nobel’s Trust Project, commented: “When choosing a potential system the risk management capabilities were very important to us. We needed a solution that would have the means to produce risk reports effectively, to help comply under The Sarbanes-Oxley Act and IFRS regulation.”
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