Thomas Cook selects XRT’s Globe$ in bid to improve cash and risk management

International travel operator Thomas Cook has selected Globe$ from treasury solutions supplier XRT, in a move to improve its treasury cash and risk management.

XRT Globe$ will form a critical element of Thomas Cook’s treasury infrastructure, and will replace a number of existing systems throughout the business, seamlessly connecting local offices to Thomas Cook headquarters. By implementing XRT Globe$, Thomas Cook aims to secure corporate liquidity and improve forecasting, minimise the negative impact of financial risk and optimise its corporate financing structure.