24 August 2017
Find out more

IT2 signs Ceva Logistics to treasury management system

21 January 2008  |  1766 views  |  0 Source: IT2 Treasury Solutions

IT2 Treasury Solutions announces that CEVA Logistics, the global supply chain management company, has selected the IT2 Treasury Management System as its cash and treasury management technology solution.

CEVA combines two logistical companies, TNT Logistics and EGL Eagle Global Logistics, which merged in August 2007. CEVA employs around 52,000 people, and operates an extensive office network with facilities in 151 countries. Its sales turnover in fiscal 2006 was € 6 billion. CEVA is an un-listed company, owned by affiliates of Apollo Management, L.P., one of the leading private equity investors in the world.

CEVA Logistics, located in Amsterdam, the Netherlands, was divested from TNT, and was therefore without any existing treasury operation and system. CEVA's new treasury team selected IT2 to provide a best practice solution, which will initially support FX and interest hedging, cash & liquidity management and guarantee management. IT2 will also handle CEVA's cross currency / cross border cash pool arrangement.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.abe-eba.euvisit www.dorsum.eu

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
21043 views comments | 43 tweets | 88 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
12056 views comments | 22 tweets | 35 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11396 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11197 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10877 views 0 | 7 tweets | 1 linkedin

Featured job

New York, NY - USA (some flexibility on location)

Find your next job