NCC Selects ION’s IT2 for Treasury and Financial Risk Management
- Risk Management
- 31.01.2023 11:20 am
ION Treasury, a global provider of treasury and risk management solutions for corporations, financial institutions, and central banks, announced that NCC has selected ION Treasury’s IT2 solution for their treasury and financial risk management needs.
NCC, listed on NASDAQ Stockholm, is one of the leading construction companies in the Nordic region. Based on their expertise in managing complex construction processes, NCC contribute to the positive impact of construction for their customers and society. Operations include commercial property development, building and infrastructure project contracting, and asphalt and stone materials production.
IT2, available through the ION Treasury portfolio of systems, is a comprehensive cash, treasury, and risk management system, serving a broad spectrum of corporate treasury needs. IT2 offers configurable workflow tools to provide oversight of end-to-end processes, highlighting exceptions and required actions, coupled with flexible integration tools to automate and optimize treasury processes.
NCC were looking for a modern treasury management solution to replace their existing system and develop new ways of working, increase automation, accuracy, and efficiency in their core Treasury operations. IT2 will enable enhanced governance and controls to provide greater insights through user-defined real-time reporting capabilities, including configurable interactive workflow tools that highlight required actions and deviation from policy.
NCC will use IT2 for cash management including bank connectivity to their existing platform, in-house banking, FX, interest rate and commodity risk management, debt and investments, accounting, and hedge accounting.
“We look forward to closely working with the ION Treasury team, to improve the accuracy and efficiency of our treasury and financial risk management processes. We wanted to replace our existing setup with an innovative solution for cash, liquidity, risk management, and accounting. We are pleased to have found that solution in ION’s IT2 product,” said NCC’s Treasurer, Charlotte Lindstedt.
“We are pleased to welcome NCC to the ION family and look forward to a long-term partnership,” said ION Corporates CEO Richard Grossi. “We believe IT2 is a great fit for NCC to implement a solution that is easy to use, automated, accurate, and efficient. IT2 will not only offer NCC real-time visibility of positions and workflows, but also help them control their financial operations with interactive treasury technologies.”