More NewsAkzo Nobel Selects Trema For Risk Management and Compliance

Akzo Nobel Selects Trema For Risk Management and Compliance

Dutch pharmaceuticals, coatings and chemicals group Akzo Nobel will implement The Trema Suite at its central treasury. The Trema Suite will replace three systems currently used for core treasury and in-house banking functions, plus a number of additional applications. The system will be implemented in central treasury and will link to 200 remote sites. The implementation is part of Akzo Nobel’s Trust Project (Treasury Upgrade of System), designed to achieve three core objectives: improved risk management information and reporting consistency; systems sustainability and reduction of interfaces; and cost reduction both in terms of IT support and efficiency of treasury processes. Frederik Stolwijk, project manager for Akzo Nobel’s Trust Project, commented: “When choosing a potential system the risk management capabilities were very important to us. We needed a solution that would have the means to produce risk reports effectively, to help comply under The Sarbanes-Oxley Act and IFRS regulation.”

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