Wall Street Systems (Wallstreet), the global provider of treasury, trading and settlement solutions and services, today announced that Mazda Motor Logistics Europe NV, the European logistics and financial services subsidiary of Mazda Motor Corporation, has selected the company to centralise its treasury processes, improve cash visibility and develop efficient forecasting capabilities.
Mazda Motor Logistics Europe (MLE) is implementing Wallstreet Treasury ASP solution at its central treasury in Belgium in a two-stage project. MLE is already benefiting from better management and control of cash positions, automated processes and a sharper focus on treasury roles and responsibilities.
"We selected Wallstreet because of its understanding of our needs, the functionality of Wallstreet Treasury ASP and its ability to show quantifiable and significant value to the business," said José Jimenez, European Treasury Manager, MLE. "We benefit from best practice treasury practices and external help to improve treasury productivity. "The ASP model means that upgrades are managed and rolled out by Wallstreet, while data hosting is SOX compliant."
Benefits of the Wallstreet Treasury ASP solution include a lower total cost of ownership (typically by 30% to 40%) with no hardware or software costs and limited IT support requirements, global accessibility, advanced security and strong disaster recovery services.
"We are delighted to be working with one of the biggest names in the automotive industry," said Paul Wheeler, managing director of Wallstreet Treasury at Wall Street Systems. "This project validates our expertise in the sector; many leading global automobile companies, including the top five, rely on solutions from Wall Street Systems."