NCC selects ION’s IT2 for treasury and financial risk management
LONDON – 31 January 2023 – ION Treasury, a global provider of treasury and risk management solutions for corporations, financial institutions, and central banks, announced that NCC has selected ION Treasury’s IT2 solution for their treasury and financial risk management needs.
NCC, listed on NASDAQ Stockholm, is one of the leading construction companies in the Nordic region. Based on their expertise in managing complex construction processes, NCC contribute to the positive impact of construction for their customers and society. Operations include commercial property development, building and infrastructure project contracting, and asphalt and stone materials production.
IT2, available through the ION Treasury portfolio of systems, is a comprehensive cash, treasury, and risk management system, serving a broad spectrum of corporate treasury needs. IT2 offers configurable workflow tools to provide oversight of end-to-end processes, highlighting exceptions and required actions, coupled with flexible integration tools to automate and optimize treasury processes.
NCC were looking for a modern treasury management solution to replace their existing system and develop new ways of working, increase automation, accuracy, and efficiency in their core Treasury operations. IT2 will enable enhanced governance and controls to provide greater insights through user-defined real-time reporting capabilities, including configurable interactive workflow tools that highlight required actions and deviation from policy.
NCC will use IT2 for cash management including bank connectivity to their existing platform, in-house banking, FX, interest rate and commodity risk management, debt and investments, accounting, and hedge accounting.
“We look forward to closely working with the ION Treasury team, to improve the accuracy and efficiency of our treasury and financial risk management processes. We wanted to replace our existing setup with an innovative solution for cash, liquidity, risk management, and accounting. We are pleased to have found that solution in ION’s IT2 product,” said NCC’s Treasurer, Charlotte Lindstedt.
“We are pleased to welcome NCC to the ION family and look forward to a long-term partnership,” said ION Corporates CEO Richard Grossi. “We believe IT2 is a great fit for NCC to implement a solution that is easy to use, automated, accurate, and efficient. IT2 will not only offer NCC real-time visibility of positions and workflows, but also help them control their financial operations with interactive treasury technologies.”
NCC is one of the leading construction companies in the Nordic Region. Based on its expertise in managing complex building processes, NCC contributes positively to the constructed environment for both customers and society. Our business includes developing commercial properties, construction and infrastructure projects, and asphalt and mineral extraction. NCC has a turnover of approximately SEK 54 billion and 14,500 employees. NCC stock is listed on NASDAQ Stockholm. For more information, visit https://www.ncc.com/.
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About ION Group
ION Group provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their business for sustained success through continuous innovation. For more information, visit https://iongroup.com/.
About ION Treasury
ION Treasury delivers unique treasury and risk management solutions to organizations of all sizes, offering both on-premises and cloud options. Our award-winning solutions help manage liquidity and mitigate operational, financial, and reputational risk. Together with a global community of over 1,100 clients, we are shaping the future of treasury and risk management technology. For more information, visit https://iongroup.com/treasury/.