A. Schulman Selects IT2

A. Schulman Inc. has selected the treasury workstation from IT2 Treasury Solutions. The IT2 implementation will support treasury operations based in Akron Ohio, Mexico and Bornem in south-west Belgium. IT2 says it will provide a best practice solution to fulfil a range of business requirements, including:

  • Global visibility and management of cash.
  • Global visibility & management of FX and interest rate risk.
  • Strengthening the controls over cash and bank relationship management.
  • Operation of the European in-house bank, including inter-company lending & borrowing operations.
  • End-to-end provision of transparent and secure treasury workflows.
  • Automating the execution of business processes, reducing and/or eliminating manual tasks wherever possible.
  • Increasing the effectiveness of management reporting by automating the creation and distribution of key management reports.

The IT2 platform will replace Schulman’s previous spreadsheet-based solution. The IT2 system will be hosted, providing Schulman with the benefits of a specifically configured TWS solution combined with technology outsourcing.


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