New activities and regulations have increased pressure on Skandia Bank & Försäkring’s treasury department. Skandia has now replaced several old systems with a single new one, OpusCapita’s IT2 treasury management system (TMS).
The system offers greater automation and flexible reporting. In addition to functions such as advanced accounting and liquidity forecasting, simulations can also be run and there is a full audit trail available. The solution functions as a treasury ‘hub’ and includes CLS, value at risk, proactive limit processing, linking with trading portals and an in-house bank.
“We chose OpusCapita and IT2 once we found how user-friendly the system is and that it offers a comprehensive solution for our very complex operations. We now have better control and support for analyses and all financial and cash management routines,” said Ouisem Samoud, acting head of Skandia’s treasury.
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