Bucher Industries Selects IT2 Treasury System
Bucher Industries has selected IT2 Treasury Solutions’ treasury management system for their cash and treasury operations. Bucher Industries is a global technology group with leading market positions in speciality areas of mechanical and vehicle engineering. In 2006, Bucher’s sales amounted to CHF2.1bn. The group is organised into five divisions, and employs over 6,800 people globally. The treasury management system/workstation provides corporate treasury with cash and treasury management/treasury workstation solutions for the elimination of operational risks and administrative burdens. All treasury deals can be processed in a single database by means of controlled straight-through processing, avoiding the use of spreadsheets.The company claims that benefits include treasury deal and operating unit cash flows can be managed as a group cash position, currency exposures can be consolidated and hedged in accordance with hedging policy, while business units can be funded and interest rate exposures measured and hedged.