Cooper Industries, Inc. Chooses Treasury Management Solution
Cooper Industries is a diversified, worldwide manufacturer of electrical products, tools and hardware with 1998 revenues in excess of $3.6 billion. Cooper requires an integrated solution capable of supporting the processing, control and reporting of its global cash, debt and foreign exchange transactions. Commenting on this most recent success, Peter Papas, Managing Director of KPMGIS, said, ‘We are pleased that Cooper Industries has chosen a truly integrated solution. Cooper will use one system for risk management, deal capture, cash management and accounting. They searched the market for 2 years, waiting for the right technology rather than compromising on their requirements.’