Delek Selects the IT2 Treasury Management System

Delek Benelux has selected IT2 to provide a solution for its cash, treasury, risk and treasury accounting requirements. The company is looking for the solution to provide an automated solution for cash management (including liquidity forecasting), deal management, risk analysis, treasury accounting and hedge accounting under IAS39. IT2 will be integrated with Delek’s corporate ERP system, SAP, and the implementation will take advantage of IT2’s flexible reporting capability to generate operational and management reporting to optimise group treasury operations. In a future step, IT2 will be integrated with SWIFT.net when Delek Benelux migrates its bank communications to SWIFT; and the implementation may be further expanded to include the IT2 Commodities Management module.

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