IT2 Treasury Solutions announces that Aberdeen Property Investors (Norway) has selected the IT2 treasury management system to fulfil their cash, treasury and risk management requirements.
Aberdeen Property Investors Norway is a part of Aberdeen Asset Management PLC. The Oslo based operation manages portfolios of real estate assets valued at about NOK 30 billion (approximately EUR 3.7 billion), in several funds.
Aberdeen chose IT2 as an integral, central solution to provide a reliable overview of liquidity and risk, to improve treasury efficiency and reporting quality, and to streamline processing. IT2 will manage front and back office functions, including bank account reconciliation and payment generation. A special element of the solution will take advantage of IT2's functional range and implementation flexibility to manage loan covenants and collateral linked to the underlying loans and property.