Oatly selects ION Treasury’s IT2
LONDON – 29 November 2022: ION Treasury, a global provider of treasury and risk management solutions for corporations, financial institutions, and central banks, announced today that Oatly Group has selected IT2 as its new treasury and risk management system.
Oatly, the world’s original and largest oat milk company, has an unwavering commitment to core technical advancements, supporting its work to unlock the wider dairy alternative portfolio. Headquartered in Malmö, Sweden, the Oatly brand is available in more than 20 countries across Europe, North America, and Asia.
IT2, available through the ION Treasury portfolio of systems, is a comprehensive cloud-based cash, treasury, and risk management solution that puts process control into the hands of the treasury team. Built for international treasury operations, IT2 offers configurable workflow tools that provide oversight of end-to-end processes, highlighting exceptions and required actions, coupled with flexible integration tools to automate, and optimize treasury processes. IT2 caters to a broad spectrum of corporate treasuries’ needs through an integrated framework for treasury policy, processes, and performance.
Oatly was looking for a modern treasury management solution to increase automation, accuracy, and efficiency in its treasury processes. The firm selected IT2 for its ability to provide enhanced governance and controls, simultaneously benefiting from value-added insights using user-defined interactive workflow tools.
“We selected IT2 to support our exponential growth with advanced reporting and global cash visibility to optimize investment returns and make informed funding decisions with automation of treasury processes. We will use IT2 for FX and IR risk management, debt and investment management, cash and liquidity management, payments, valuations, and accounting. There will also be a direct connection to our banking partners to streamline bank reconciliation and payment processes, with functionality to facilitate cash pooling,” said John Pramgård, Treasury Manager at Oatly.
“We are pleased that Oatly has joined our global ION Treasury customer community and excited to add another customer to our already strong footprint in the Nordic region,” said ION Corporates CEO, Richard Grossi. “We look forward to helping to develop Oatly’s treasury management through greater efficiency and improved accuracy, and apply our mutual commitment to using advanced technologies. We are excited about the strong long-term partnership with Oatley as we help further digitalize their treasury operations.”
The world’s original and largest oat milk company, Oatly AB is a Swedish food company that produces alternatives to dairy products from oats. Oatly’s key markets are Sweden, Germany and the UK. The brand is available in more than 20 countries, with Oatly products available in 60,000 retail stores and 32,000 coffee shops around the world. Oatly products are available in 11,000 coffee and tea shops in China, and at more than 6,000 retail and specialty shops across the US, including thousands of Starbucks locations. Headquartered in Malmö, Sweden,.Oatly listed on Nasdaq after completing an IPO in May 2021.Oatly’s commitment to oats has resulted in core technical advancements that have enabled the company to unlock the wider dairy portfolio, including alternatives to milks, ice cream, yogurt, cooking creams, spreads and on-the-go drinks. For more information, visit https://www.oatly.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/.