24/05/2011
US Department of the Treasury – Financial Management Service Selects the IT2 TMS
IT2 Treasury Solutions Inc. announces that the Financial
Management Service (FMS), a bureau of the U.S. Department of the
Treasury has selected IT2 as the central repository of information
for cash management purposes.
FMS is implementing IT2 to improve operations. IT2 will assist
in reducing multiple re-keying data entry operations, and to
implement best practice Treasury processes using process mapping
facilities. IT2 will support the effective imposition of internal
control standards, including segregation of duties and audit trail
administration.
Steve Bullock, IT2's Senior Vice President and Regional Manager,
said,
"Our work with the Financial Management Service Treasury affirms
the value of IT2's cash, Treasury and financial risk management
solution to government sector organizations. We have built a
business partnership with the FMS team, so that we can work
together to assure project results."
The FMS operation is located in Washington, DC, and the IT2
system is externally hosted by IT2 Treasury Solutions' company's
technology partner, Rackspace.
Enquiries regarding this announcement should be
addressed to:
Tatiana Liber, Marketing Director, tel. +44 20 8741 3553,
Tatiana.Liber( at )it2tms.com
Kelvin Walton, Marketing Manager, tel. +44 20 8741 3553,
Kelvin.Walton( at )it2tms.com
About IT2 Treasury Solutions Inc.
(www.it2tms.com)
IT2 Treasury Solutions is a leading provider of treasury
management software to corporate treasuries and financial
institutions. The IT2 TMS is a fully integrated best practice
solution that supports treasury in its entirety, fulfilling cash,
debt and investment, financial risk, treasury accounting and hedge
accounting requirements. Founded in 1982, the company is located in
New York, London and Hong Kong and serves over 240 customers
worldwide, including Abbott Laboratories, A. Schulman, Chiquita
Brands, Costco Wholesale Corporation, Hyatt, Hysan Development Co.,
GSK plc, Marriott, Pirelli International, Styron Inc., Tyco
International, Volkswagen International Finance and Volvo Financial
Services.
About the FMS
The Financial Management Service (FMS) is a bureau of the U.S.
Department of the Treasury. Based in Washington, DC, FMS' mission
is to provide central payment services to federal program agencies,
operate the federal government's collections and deposit systems,
provide government-wide accounting and reporting services and to
manage the collection of delinquent debt owed to the
government.
