Calyon Will Consolidate Back-Office Operations With Help Of Calypso's Cash Management Package

Calyon, Credit Agricole group's corporate and investment banking arm, has implemented the Calypso system for cash management. With the adoption of the Calypso system for cash management, Calyon is able to subscribe to cash flow projections on an enterprise basis

By None

Calyon, Credit Agricole group’s corporate and investment banking arm, has implemented the Calypso system for cash management.

With the adoption of the Calypso system for cash management, Calyon is able to subscribe to cash flow projections on an enterprise basis and monitor cash positions in real time, explain transfer histories, monitor and correctly modify positions when an amount received does not match specific projections.

By leveraging the Calypso platform, Calyon will be able to address the firm’s functional and compliance needs on a global scale. The Calypso cash management software will manage cash flow projections coming from all Calypso and non-Calypso back-office systems used by the bank.

Today, the Calypso system is accessed by 200 users as a true multi-entity, multi-currency and multi-time zone platform spanning across sixteen Calyon financial centers including London, Tokyo, Mumbai, Hong Kong and South Africa as well as at the bank’s headquarters in Paris.

“The Calypso solution has enabled us to automate and consolidate back-office operations on a global, enterprise wide basis for multiple treasury and forex assets,” says Frderic Coudreau, global head, Capital Market Operations, Calyon.

“Calypso Technology’s partnering approach has helped our firm remain ahead of the curve by evolving our technology to support our business needs and to achieve our goals.”

“Calyon has been a long-time client of ours and our expanding relationship with the firm is a testament to the strength of our back-office solution suite,” says Charles Marston, CEO, Calypso Technology.

“We hold this partnership in high regard and continue to remain dedicated to providing solutions which best fit Calyon’s needs as they grow.”

L.D.

«