Novelis, the aluminium rolled products company, has chosen XRT Globe$ as its corporate cash, treasury and risk management platform. Formed in January 2005 as a spin-off from Alcan, Novelis is an ubiquitous presence in commercial and consumer markets. Rather than continue using Alcan’s legacy treasury system, Novelis will use XRT Globe$ to build a centralised, integrated treasury. Located in Zürich, the treasury department will provide in-house banking, accounting and risk management facilities for all Novelis’s 21 European plants. With the help of consultancy firm Accenture, Novelis decided on XRT Globe$ after a head-to-head comparison with another leading treasury system. Commenting on the selection of the XRT produt, Friedrich Floto, head of the European treasury at Novelis, said: “With XRT Globe$ we have a solution that matches our business and technical requirements at an extremely cost-effective price. Crucially, XRT Globe$ can be implemented quickly, which is essential as, unlike most new companies, we’re setting up new operational processes at the same time as dealing with existing business and customer commitments.”
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