Agricore United Selects SimCorp's IT/2 Solution;SimCorp Signs First Major Canadian Contract for Treasury Management System.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 17, 2003 Agricore United Agricore United was a farmer-directed agri-business in Canada. It supplied crop nutrition and crop protection products, and offered grain handling and marketing services. It was created on November 1, 2001 by the merger of Agricore and United Grain Growers. , a leading Canadian service provider to the agricultural value chain, has selected SimCorp's IT/2 treasury management system to manage its treasury operations. Headquartered in Winnipeg, Agricore United is the largest grain handling and merchandising company by volume, the largest crop production services provider and one of the largest manufacturers and suppliers of livestock feed products. Its business consists of linking farmers to end-users of agricultural commodities through the provision of a wide range of goods and commercial services. This includes supplying key inputs into the production of grains and livestock, providing agronomic a·gron·o·my n. Application of the various soil and plant sciences to soil management and crop production; scientific agriculture. ag , financial and other commercial services and facilitating the logistics of handling, transporting and marketing the final products. "We made a unanimous decision A Unanimous Decision is a winning criterion in several full-contact combat sports, such as boxing, kickboxing, Muay Thai, mixed martial arts and others sports involving striking in which all 3 judges agree on which fighter won the match. to go forward with IT/2 based on a thorough review of competitive products and a valuable, hands-on demonstration of the system," said Sherry Lees, treasurer, Agricore United. "This system will enable us to more effectively support our workflow and management reporting." SimCorp's IT/2 is a leading straight-through processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. treasury management system that provides a powerful, cost-effective solution for corporate treasuries. It has a user interface that allows for complete customization of workstations and integrates easily with other in-house systems. Agricore United has chosen 14 modules of the IT/2 system. "Our first major entry into Canada is sure to be a successful one," said Peter Falck, vice president, IT/2, SimCorp USA. "Designed for flexibility and quality, IT/2's modular system can be used by a wide range of companies and industries. Our track record of successful implementations that are on time and on budget makes our solution an even better and more cost efficient choice." About SimCorp USA, Inc. SimCorp USA (www.simcorp.com) is the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. subsidiary of the Danish public company SimCorp A/S (SIM DC). SimCorp is a leading provider of highly specialized software and financial know-how for the financial sector and corporate treasuries. SimCorp has approx. 550 employees and is listed on the Copenhagen Stock Exchange Copenhagen Stock Exchange The only securities exchange in Denmark. It features electronic trading of stocks, bonds, futures, and options. . For more than 30 years, SimCorp has developed its products in close collaboration with a number of international financial institutions and corporations. The SimCorp systems, SimCorp Dimension and IT/2, are sold, implemented and supported by the head office in Copenhagen and the offices in Brussels, Frankfurt, Munich, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , London, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Oslo, Stockholm, Sydney and Zurich. All names are the property of their respective owners. |
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