Cable & Wireless Selects IT2's Treasury Management Solution
London-based Cable & Wireless has selected IT2 Treasury Solutions’ treasury management system as a best practice solution to support their central treasury operations for Europe, Asia and the US (EAU). Cable & Wireless operates through two standalone business units – international and EAU. The EAU business unit provides enterprise and carrier solutions to the largest users of telecommunications services across the UK, the US, continental Europe and Asia. The IT2 implementation will support cash and treasury management, treasury accounting and reporting. The system will interface with the Citidirect electronic banking service. It will support hedging operations using derivative instruments in an STP workflow designed to eliminate the need for re-keying and manipulation of data in spreadsheets.