The Consolidated Edison Company of New York (Con Edison) has implemented the IT2 treasury management system (TMS) to provide a common platform for cash, treasury and financial risk management. The IT2 solution is in live operation, and is fully integrated with complementary systems and services.
The IT2 cash management function uploads bank balance and transaction reports through integration with Microsoft BizTalk, Con Edison’s business middleware. IT2 is further integrated with Con Edison’s commercial paper and bond programmes’ issuing and paying agents’ systems, the Bloomberg market data service, several on-line trading platforms, and the Bank of New York Mellon (BNY Mellon) and JPMorgan Chase wire payment management systems, to provide an efficient end-to-end straight-through processing (STP) workflow. Enterprise resource planning (ERP) integration will take place at a future stage.
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