E.ON in treasury system upgrade |
|
|
| Governance | |
| Written by Gary Howes | |
| Wednesday, 02 December 2009 | |
|
Wall Street Systems provides treasury solution to energy company month ahead of time.
E.ON AG (ETR:EOAN) has today announced an upgrade to their treasury management system. Today's launch is a month ahead of time and under budget. The upgrade covers all E.ON subsidiaries and enables E.ON to take advantage of the numerous enhancements and improvements provided with version 7. By utilising Wallstreet Suite's cash management functionality, E.ON will be able to manage their risk and liquidity planning in a single application say Wallstreet Systems. Wall Street Systems has a significant presence in the German corporate treasury market, working with some of the country's leading companies. Other major clients in Germany include; BMW, Commerzbank, Daimler, DekaBank, Deutsche Bank, Deutsche Bundesbank, Deutsche Post, European Central Bank, Henkel, IKB, Landesbank Berlin and RWE. Torsten Spieker, Vice President, E.ON said: "We are delighted with the improvements Wallstreet Suite brings to our Cash and Liquidity Management, as well as our risk management processes. We no longer have the duplication of cash reconciliation in the front office, and book reconciliation in the back office - we now have a single reconciliation process as bank statements are imported and reconciled by the back office. "This enables more timely and efficient management of both cash and liquidity positions. With over 80 of our European entities' accounts in our in-house banking setup, further efficiencies are expected as we embark on routing all intercompany payments internally via the Wallstreet Suite solution."
|
|
Digg it! 
del.icio.us 
Newsvine 
Reddit 
Stumble It! 
