Rexam, a global consumer packaging company, has gone live with the treasury solution suite of OpenLink Financial to support Rexams global treasury, cash, commodity and risk management activities.
Rexam will use the suite for debt, interest rate products, FX, money markets and intercompany products and manage its commodity transactions and associated risk, back office and accounting and hedge accounting.
OpenLinks treasury solution, will help streamline our global business processes from trade capture through to back-office processing and reconciliation to accounting, and enable us to operate even more efficiently as a treasury function, says Jon Drown, Rexams director of Group Treasury. I am particularly happy that the project was delivered on time and within scope. This can be attributed to OpenLinks clear understanding of our needs, as well as the professional interaction between our own home team and theirs, which was key in ensuring a smooth path to delivery.
Martin Taylor, managing director of OpenLink, adds: We are extremely satisfied to have rolled out our market leading solution suite to Rexam, a renowned global business, on time and on budget. The size and diversity of Rexam demonstrates the depth and breadth of our solution suite, and its industry leading cross-asset coverage. This further builds on our growth in the corporate treasury market and shows our strength in this space.
(CG)