DKSH Group Licenses City Financials Solution
The DKSH Group has licensed the eTC treasury system from City Financials 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.