Emap Selects eTC from City Financials
Emap has licensed the corporate treasury software product eTC from City Financials for its central treasury operations based in the UK. A review of Emap’s current treasury system established that it no longer met the needs and future requirements of the business. City Financials’ eTC product was chosen after a ‘proof of concept’ and selection process. Key factors in the decision were the need for a robust system, strong in accounting, coherent IAS 39 capabilities and strategy, easy report production and sound internal controls to meet corporate governance requirements. Group treasury manager at Emap, Mike Foye said the system would streamline the company’s liquidity management processes, risk and exposure evaluation.