Trema has launched a new version of its treasury and asset management product, Finance Kit, which includes cash management technology developed by its recent acquisition, Alterna.
Trema acquired the assets of ailing Canadian firm Alterna Technologies in March. The new release integrates Alterna's cash management product with Trema's treasury and asset management functionality.
The vendor says its new integrated system delivers financial resource planning, management and control from the subsidiary level through to central treasury. The product comprises Trema's core transaction and risk management technology designed to support front to back office treasury operations, as well as specific applications for cash management and accounting.
In addition, by combining static and transaction data shared by both cash and treasury management in a single system, Trema's product avoids the need to re-key data and maintain system interfaces. The system also features a single user interface for both cash and treasury functions.
Michèle Fitzpatrick, CEO, Trema, says: "The solution offers complete front, middle and back office services for a wide range of asset classes and instruments, from operational cash management, to the provision of in-house banking services, through to the generation of compliant accounting entries."