Netherlands-based Trivium Packaging has gone live with the City Financials system from ION Treasury as its primary treasury management system (TMS).
The new system will support Trivium’s core treasury operations and the hedging of commodities, such as aluminium and other raw materials required to produce metal packaging for the food and personal care markets.
Rogier Kloek, VP of Treasury, Investors Relations, Insurance, and ERM at Trivium, said the neew system had, 'Gone live in weeks and we now have a TMS that supports our cash management, mitigates risk, and provides straight-through processing of our statements, settlements, and confirmation reports.'
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