Chemtura Selects IT2 TMS
Chemtura, a US-based manufacturer of specialty chemicals, has selected the IT2 treasury management system (TMS) to support domestic and international cash, treasury and financial risk management operations.
The IT2 TMS will address the primary business issues of providing real-time visibility of and access to the organisation’s global financial risk exposures and cash positions. Chemtura will take advantage of IT2’s process-oriented technology to design, implement and document secure treasury processes and workflows, and to provide a standardised operating environment for global treasury. Chemtura’s management will have access to timely corporate liquidity and treasury metrics that will help Chemtura maintain its strong control environment.
Carol Anderson, Chemtura’s vice president and treasurer, said: “We were very impressed by the IT2 team’s professional approach to understanding our critical business requirements, and in presenting a clear, value added solution. We are looking forward to developing our relationship as we work together to secure our common goal of achieving an efficient and effective best practice implementation.”