City Financials Signs DKSH in Asia for Treasury System
The DKSH Group, the prime market expansion services group in Asia, has licensed City Financial’s treasury system, eTC, for its global treasury operations. DKSH is based in Singapore and will use the system to fully manage the group’s operations throughout Asia, cash and liquidity management, risk management and interfaces to the group accounting system. DKSH will use the system in the central treasury in Singapore, and allow the subsidiaries to access the system within a secure environment using the web browser access. The subsidiaries will fully manage their FX requirements, using templated FX request functionality to inform the treasury centre of FX exposure and hedging requirements. Central treasury is notified of a request on a real-time basis and can then cover the requirement internally or bulk up numerous requests into one trade per currency. DKSH Holding is a privately owned international marketing and services group. The company offers various business solutions such as marketing, sales, distribution, warehousing, logistics and after sales services in the area of consumer goods, food, healthcare, chemicals, pet products and technology sectors. The company primarily operates in Europe, Asia Pacific countries and the Americas.