Fonterra, one the world’s leading dairy companies, has licensed the corporate treasury software product eTC from City Financials for its global treasury operations based in Auckland, New Zealand. A strategic review of Fonterra’s treasury requirements was undertaken early in 2005 and after a tender process, the City Financials’ product was chosen. Fonterra group treasurer Mary-Jane Daly said: “Our selection of eTC from City Financials means we will be providing leading-edge tools to our treasury team, better enabling us to service our customers – internal and external – and to help realise the co-operative’s goals.”
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