TreasuryONE, South Africa’s leading managed treasury services provider, is proud to announce that Tongaat Hulett, an agriculture and agri-processing business, has selected TreasuryONE to support its treasury operations.
The TreasuryONE managed treasury services solution provides Tongaat Hulett with world-class treasury technology and a team of treasury experts that perform daily treasury functions:
All treasury functions are processed using the Treasury Management System, IT2, to schedule, control, store and report on all FX, cash forecasting and other market operations, providing a much more functionally rich, robust and secure technology platform than is possible with spreadsheets.
The TreasuryONE team is now acting as an integral working part of Tongaat Hulett’s finance operations, and our treasury experts work in partnership with the team to fulfil treasury requirements in full compliance with their documented treasury and investment policy.
Hennie de Klerk, CEO of TreasuryONE, commented, “One of the most appealing features of a managed treasury function is that it is immediately available, runs on cutting-edge treasury technology, and is highly scalable. We can set up a fully functional treasury department for a corporate business in 2 – 3 months and provide the flexibility to switch additional services on and off as and when required.”
About Tongaat Hulett
Tongaat Hulett is a leading agri-business in sugar, ethanol, animal feeds and cattle, with a significant asset base and footprint in Southern Africa. The company’s ongoing agriculture activities mean they have a substantial land portfolio within the primary growth corridors of KwaZulu-Natal, with strong policy support for conversion at the appropriate time. In partnering with key stakeholders, they’ve created mutually beneficial relationships for shareholders, governments, private farmers and their representative bodies, communities, employees, as well as the people impacted by Tongaat Hulett’s company’s operations.
TreasuryONE is South Africa’s market leader in providing a broad range of best practice treasury solutions, treasury technology and market risk advice to organisations of all sizes.
TreasuryONE’s product offerings include the delivery and support of treasury management technology systems, robotic process automation (RPA) solutions, market risk management and execution services, managed treasury services, cash and liquidity management, money market funds, corporate payment factory, bank connectivity as a service and supply chain finance technology. Clients experience the value of enhanced treasury performance and reduced risk in today’s demanding fast-moving financial environment.