More NewsIBM Corporation Selects TietoEnator as Supplier for Global Treasury Solution

IBM Corporation Selects TietoEnator as Supplier for Global Treasury Solution

TietoEnator Corporation, based in Helsinki, Finland, announced that International Business Machines Corporation (IBM) of Armonk, New York, has chosen TietoEnator’s SYSTEM10 software, owned and managed by Entra System10 AB of Sweden, a subsidiary of TietoEnator, as its global treasury solution. IBM chose the Entra System10 solution because it is a comprehensive global treasury platform, including full FAS 133 functionality and European accounting functionality, thereby providing a single, cost-effective solution which accommodates both accounting standards. IBM has been using SYSTEM10 for treasury activities since 1995. IBM’s use of SYSTEM10 has expanded from an original installation at IBM’s Treasury Centre in Dublin to include IBM’s main Treasury Operation at its Corporate Headquarters. IBM is able to manage all of its global treasury operations from a single instance of the SYSTEM10 database, located in New York.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha