More NewsAreva Simplifies Financial Technology Portfolio with Wall Street Systems

Areva Simplifies Financial Technology Portfolio with Wall Street Systems

International energy group Areva has implemented Wallstreet Suite to support the group’s strategy to reduce the number of technical platforms in use across its business. The group selected Wallstreet to improve bank communication, plus cash and risk management, and to support its effort to increase the efficiency of accounting processes. It specifically selected Wallstreet Suite for its flexibility and interoperability with other IT systems, simplifying overall the energy group’s corporate treasury.

Areva is power solutions company with commercial presence in more than 100 countries. Energy companies have a unique range of treasury requirements, from funding long-term infrastructure investments to managing fluctuating currency and energy prices. The group has been committed to delivering transparency around cash positions globally, and strong risk evaluation.

Importantly, Areva required an integrated treasury solution that could help it drive through business process improvements that reach beyond the treasury department, and offer all subsidiaries and financial managers the tools they require to report cash and risk positions in real time.

Sasa Jeremic, information systems (IS) manager at Areva, said: “The implementation of Wallstreet Suite has been a complete success, helping us to simplify our treasury processes and also reduce the complexity of our wider IT portfolio. We required a corporate treasury technology partner that could deliver industry-leading cash and risk management, plus bank communication, and Wallstreet was flexible throughout, delivering on time and budget.”

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

5m 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