IT2 Treasury Solutions announces that Gamma Holding NV has selected IT2 to deliver a best practice replacement system solution for cash, treasury and risk management.
Gamma Holding develops, manufactures and sells innovative, high-quality textile-based products throughout the world. The Gamma group employs approximately 7,200 employees, in 42 countries. Its headquarters are located in Helmond (The Netherlands) and its shares are listed on Euronext Amsterdam. Gamma Holding's 2007 turnover was EUR €779 million.
Gamma Holding will use IT2 to improve the remote access capabilities of treasury, and to provide efficient, streamlined management and operational reporting. IT2's process management tools will provide automated and transparent workflow control and monitoring. Gamma Holding will use IT2 NET to integrate and broadcast company-wide treasury information. The hedge accounting solution will provide prospective and retrospective effectiveness testing for cash flow, fair value and net investment hedging.
IT2 will provide Gamma Holding with a scaleable and secure platform for treasury evolution.