More NewsA. Schulman Selects IT2

A. Schulman Selects IT2

A. Schulman Inc. has selected the treasury workstation from IT2 Treasury Solutions. The IT2 implementation will support treasury operations based in Akron Ohio, Mexico and Bornem in south-west Belgium. IT2 says it will provide a best practice solution to fulfil a range of business requirements, including:

  • Global visibility and management of cash.
  • Global visibility & management of FX and interest rate risk.
  • Strengthening the controls over cash and bank relationship management.
  • Operation of the European in-house bank, including inter-company lending & borrowing operations.
  • End-to-end provision of transparent and secure treasury workflows.
  • Automating the execution of business processes, reducing and/or eliminating manual tasks wherever possible.
  • Increasing the effectiveness of management reporting by automating the creation and distribution of key management reports.

The IT2 platform will replace Schulman’s previous spreadsheet-based solution. The IT2 system will be hosted, providing Schulman with the benefits of a specifically configured TWS solution combined with technology outsourcing.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

6m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha