Trema Signs Up Diageo For Finance KIT
Finance KIT, Trema’s treasury, risk and asset management system, has been chosen by Diageo plc, the company formed as a result of the merger between Guinness plc and Grand Metropolitan plc, to manage its treasury operations. Diageo, which employs 77,000 people around the globe and has a market capitalisation in excess of GBP 26 billion, reported an annual turnover of around GBP 12 billion in 1998. Following the merger, Diageo undertook a project to replace existing treasury technology with a new system capable of running the combined operations. A systems selection team consisting of a treasury specialist from PriceWaterhouseCoopers and members from all areas of Diageo’s treasury function selected Trema’s Finance KIT. Finance KIT was chosen both for its risk management, analytical and workflow automation capabilities and its flexibility to support the ongoing development of the treasury function.