24/02/2010
Sveafastigheter opts for OpusCapita’s Treasury solution
OpusCapita continues to register successes in Scandinavia. The
most recent company to invest in a new Treasury Management solution
is Sveafastigheter, a private equity firm specialising in
property.
In May 2008 OpusCapita entered into a collaboration with IT2
Treasury Solutions, which enables the company to offer the IT2
Treasury Management System to clients in Sweden and Finland.
Sveafastigheter, which manages capital from Nordic and
international institutions, will use IT2's system to manage all
loan portfolios, as well as for integrated bookkeeping, reporting
and cash flow management.
- The new system will make management of our funds considerably
easier. We perceive substantial value in streamlining our Treasury
operation through implementation of IT2. Both for us as fund
managers and for our clients, the investors, says Johan Knaust, CFO
and partner at Sveafastigheter.
There is a major requirement in the Nordic countries to replace
old technology with modern, integrated solutions.
- We are targeted at companies in Sweden that need to renew the
supporting technology for their financial and liquidity management.
The deal with Sveafastigheter also confirms the growing demand we
are observing in the market, comments Mona Henriksson, MD of
OpusCapita Scandinavia.
- This is a further proof of the value of working with a strong
regional partner who is fully attuned to local business practices,
adds Kevin Grant, Chief Executive Officer of IT2 Treasury
Solutions. Such a partnership significantly reduces clients'
project risk, and facilitates really effective communications and
relationship management.