Teekay Shipping, the world’s largest operator of midsized oil tankers, has selected the XRT Enterprise Suite (XES) to centrally manage its global treasury operations, including cash, liquidity and risk.
“We chose the XRT Enterprise Suite because of its integrated communications module and its ability to manage cash,” said Vince Lok, senior vice president and treasurer of Teekay Shipping. “XRT’s extensive experience in dealing with foreign banks and its strong presence in Europe, which will provide us with localized support on a global scale, were also important considerations in our decision.
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