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EADS Treasury Opts for Risk Management Muscle

European defense giant selects a treasury system designed for financial institutions.

By Richard Gamble | Updated on September 27, 2012

As the economy tilts treasury priorities toward risk management, technology choices are starting to reflect that. When EADS, the 49.1-billion-euro ($63.7 billion) European aerospace and defense giant, decided on a new treasury system, it selected Calypso, opting for the kind of risk management muscle usually associated with banks.

 “Volume-wise, we’re like a small bank,” says Andreas Drabert, head of treasury controlling at EADS and sponsor of the selection and implementation project. “A corporate system couldn’t quite give us all the capacity and features we need. We have a strong order book and subsequently big currency exposure, mainly to USD and, to a smaller extent, towards GBP.”

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