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Emerald Group Publishing Limited
Copyright © 2000, MCB UP Limited
Trema announced today that ABB Treasury Center (Asia Pacific) Pte., Ltd in Singapore is implementing Finance KIT, Trema's integrated treasury, risk and asset management system, to manage ABB's treasury operations in Asia. Today's announcement builds on a longstanding, successful alliance between Trema and The ABB Group, which has been using Finance KIT in its European Treasury Centers since 1992. Finance KIT will provide ABB Singapore with real-time data, worldwide cash and liquidity management, and improved risk management capabilities. Because Finance KIT is an integrated front, middle and back office system that offers straight-through-processing (STP), ABB Singapore will be able to easily provide remote Asian and Pacific business units with Web-based access to Finance KIT, thereby streamlining processes, reducing costs and providing all users with access to the same data. At a later date, ABB Singapore also plans to provide key users with wireless, mobile access to Finance KIT information and functionality.