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Tyco Integrates Treasury Operations

IT2 Treasury Solutions to provide real-time, enterprise-wide visibility of cash and risk.

By Dave Lindorff | Updated on March 02, 2009

Seeking to consolidate its far-flung treasury operations and make financial information more centrally available, $20-billion global company Tyco International has hired IT2 Treasury Solutions Ltd. to provide an enterprise-wide system. Tyco, which grew through acquisitions, has treasury hubs in New Jersey, Luxembourg, Switzerland and Singapore that oversee five financial reporting segments and business across 50 states and 60 countries.

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