Delek Benelux has selected IT2 to provide a solution for its cash, treasury, risk and treasury accounting requirements. The company is looking for the solution to provide an automated solution for cash management (including liquidity forecasting), deal management, risk analysis, treasury accounting and hedge accounting under IAS39. IT2 will be integrated with Delek’s corporate ERP system, SAP, and the implementation will take advantage of IT2’s flexible reporting capability to generate operational and management reporting to optimise group treasury operations. In a future step, IT2 will be integrated with SWIFT.net when Delek Benelux migrates its bank communications to SWIFT; and the implementation may be further expanded to include the IT2 Commodities Management module.
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.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.