IT2 has been selected by SABMiller, one of the world’s largest brewing companies, to support their cash, treasury, treasury accounting and risk management business, for their group treasury operations based in Woking, Surrey, UK. SABMiller’s turnover in fiscal 2007 was US$18.6bn, with an EBITA of US$3.6bn. IT2 will support the group’s corporate governance over treasury activities. According to IT2, group treasury will acquire better visibility of the group’s currency and interest rate exposures. The IT2 system solution will automate many tasks, providing best practice STP workflows in key operations including bank account reconciliations, FX & interest rate hedging, funding, cash forecasting and cash pooling. The solution encompasses treasury accounting including hedge accounting, and will be integrated with SABMiller’s ERP system, SAP.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more