Business Services Industry
Inter-American Development Bank Selects Trema's Leading Cash Management Software; Software Provider is 'Solution of Choice' for Supranational Banks across the Globe
Business Wire, March 9, 2006
BOSTON -- Trema, the leading provider of treasury and asset management software, announced today that the Inter-American Development Bank (IADB)/Banco Interamericano de Desarrollo (BID) has purchased TremaSuite(TM) to support its global cash management operations. The deal marks another milestone in Trema's continued success in the Americas region and within the government sector, where the company rapidly is becoming known as the most comprehensive and innovative provider of treasury and cash management software.
Many financial institutions manage cash within multi-currency financial environments and between numerous bank accounts. Trema's cash management system is a cost-effective solution that meets supranationals' unique needs, such as replacing in-house control and payment systems with more efficient and transparent technological solutions.
"The past year was our most successful yet in the government sector, and we are delighted that the IADB has chosen TremaSuite," said Trema CEO Michele Fitzpatrick. "We look forward to working with the IADB and continuing Trema's track record of success throughout 2006."
"Development banks demand specific, broad-ranging capabilities when it comes to software support of cash management," said Maggie Scarborough, research manager, Financial Insights. "The TremaSuite cash management solution is one type of solution that provides the flexibility and scalability that supports these banks' current and future business needs, allowing for tighter controls and streamlined treasury operations. Trema's knowledge and understanding of the issues facing this space position it well as a FinTech solution provider."
The Trema cash management solution was developed based on continual research and two-way feedback from its expanding customer base both in the Americas and worldwide. The solution is designed to give tighter system integration with SWIFT, accounting and trading environments, as well as enabling real-time forecasting, automated reconciliation and streamlined transaction processing.
Notes to Editors
About Trema
Trema is the leading provider of treasury and asset management software for corporations and financial institutions. Trema's experts in treasury and asset management are setting a new standard for the industry and are highly focused on adding measurable value to our customers.
Trema is proven at over 250 global blue-chip customers including The European Central Bank, Banque de France, ING Investment Management, Lucent Technologies, GE Capital, Porsche, Merck and Philips. Trema is the global system of choice for central banks and Supranationals.
Trema offers two distinct solutions tailored to respond to the varied needs and operational complexities of today's treasuries:
TremaSuite(TM) is a versatile treasury & asset management suite that supports the widest range of instruments and functions, in a single integrated, yet open and modular system. It delivers unprecedented ROI by providing companies with immediate visibility & control, and easy compliance throughout the enterprise.
The suite includes five integrated modules: Transaction & Risk Management, Cash Management, Commercial Loan Management, Portfolio & Performance Management and Accounting.
Web-based technology allows the customer to deploy both systems globally and securely via the Internet. Open design and versatile API tools ensure that the systems can be interfaced to other applications such as dealing platforms, market data feeds, banks, ERP and payment and settlement systems.
TremaOne(TM) is an efficient corporate treasury solution that is quick to install, easy to use, maintain and yet delivers best practice in one cost effective package.
TremaOne (TM) can be deployed on the desktop or over the web and is available in ASP mode. It also comes with a powerful task scheduler which can automate, time, and sequence many workflow processes, including the import or export of data to and from other systems.
Trema is a privately held corporation, which is owned by major institutional investors with a strong track record: Investcorp, The Carlyle Group, ABS Ventures and Norsk Vekst.
For more information please visit: www.trema.com.
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