Johnson Controls' US Treasury Centre Implements New System
Johnson Controls has completed the implementation of Finance KIT, Trema’s integrated treasury, risk and asset management system, in its Treasury Center in Brussels and is presently implementing the system at its headquarters Treasury Centre in Milwaukee, Wisconsin, USA. Completion of the U.S. project advances Johnson Controls’ objective of providing an integrated treasury management system that electronically links various corporate treasury centres with operating units, outside banks, and service providers, and delivers front-office analytics, middle office controls, and back office administrative services 24 hours a day, worldwide. The company is also partnering with Trema to develop and pilot a Web-based cash management solution based on Trema’s Intra-Bank Module. The solution will include multilateral netting, third party payments, zero-balancing, cashflow forecasting, and other advanced cash management functions.