An integrated treasury and risk management system, ITS offers broad and in-depth capabilities for cash, payments, risk, and accounting to companies based in the DACH region
ION Treasury, a global provider of treasury and risk management solutions for corporations, financial institutions, and central banks, announced that UBM Development AG has selected ION Treasury’s ITS for its new treasury management system (TMS).
Listed in the Prime Market of the Vienna Stock Exchange, UBM Development develops real estate for Europe’s top cities. A one-stop provider for the entire development value chain, from initial planning through to marketing, UBM Development specializes in green buildings and smart offices in major metropolitan areas. The company’s focus on Central Europe influenced their choice of ITS.
Latest Fintech News: ComplySci Appoints New Chief Technology, Chief Product and Chief Legal Officers
An integrated treasury and risk management system, ITS offers broad and in-depth capabilities for cash, payments, risk, and accounting to companies based in the DACH region. With over 30 years of expertise in the region, ITS is unrivaled in providing unique TMS functionality that caters for the German-speaking market, with a local team delivering support and implementation services.
UBM Development will use ITS to control and automate its end-to-end treasury operations including cash, liquidity, FX and interest rate exposures, debt, intercompany financing, payments, and accounting. ITS enables UBM to reduce manual work, streamline processes, and increase cash visibility across the company’s subsidiaries in Germany, Poland, and the Czech Republic.
Latest Fintech News: Olea and Vayana Network Partner to Offer Cross Border Trade Finance Solutions in India
“We wanted to replace our spreadsheets and bank portal with a professional TMS. ITS will help us to increase efficiency, visibility, and control in our treasury and risk management operations, and to reduce complexity,” said Andreas Pernsteiner, Head of Group Treasury and Finance at UBM Development. “We look forward to working with ION Treasury’s regional development and support team on the implementation. As industry leaders in our region, the expertise within ION will help take our treasury function to the next level.”
“We are delighted to welcome UBM Development to our global ION Treasury customer community and look forward to a strong, long term partnership,” said ION Corporates CEO Richard Grossi. “The addition of UBM Development to our community further increases our Treasury leadership position in the DACH region, which will continue to drive our innovation in ITS, to the benefit of corporations needing enhanced treasury support.”
Latest Fintech News: Skaleet and Mobiblanc Announce Partnership for a Cutting-Edge Technology to Serve Banks Across Africa
[To share your insights with us, please write to sghosh@martechseries.com]
