At the IT2 North American User Conference held in New York City on 7 December 2007, IT2 Treasury Solutions announced that the newly-released version 6.3 of its treasury workstation features the ‘Smart Cash Modeler’ facility. This new offering allows cash managers to forecast cash flows automatically, with users given the choice between user-defined growth patterns, moving average and linear regression models to predict their cash positions, according to treasury policy. The Smart Cash Modeler uses the client’s data stored in the IT2 database as its information base. The company claims that IT2 version 6.3 provides expanded treasury best practice support, through the integration of treasury policy and process documentation with management and operational reporting and transparent, automated and efficient treasury workflow management.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
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