Alba, the leading consumer electronics brand company in the UK and Europe, has gone live with SimCorp’s IT/2 treasury management system. Advantages of the system, according to the corporate, include better visibility of information, reduced risk and a saving in treasury headcount.
“We now have five major UK companies with many European and Asian trading partners, and that’s given rise to increasingly complex foreign currency cash flows,” explains Perry Charles, Alba’s Group Financial Controller. “We had reached the point where our spreadsheet-based system would soon become a risk – we needed a more robust, purpose-built system, which could be used collaboratively within the company.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
