News
Rexam PLC Goes Live with OpenLink Solution Suite
London – November 21, 2011 – OpenLink Financial LLC (OpenLink), a leading provider of treasury, cross-asset trading, risk management and operations processing software solutions, which support the entire transaction lifecycle, announces that Rexam, a leading global consumer packaging company, is now live with its treasury solution suite. The OpenLink treasury solution suite implemented supports Rexam’s global treasury, cash, commodity and risk management activities.
Rexam will use the OpenLink solution suite for debt, interest rate products, foreign exchange (FX), money markets (MM) and intercompany products. They will also manage their commodity transactions and all associated risk, back office and accounting, and hedge accounting.
Jon Drown, Rexam’s Director Group Treasury, said: “OpenLink’s treasury solution, will help streamline our global business processes from trade capture through to back-office processing and reconciliation to accounting, and enable us to operate even more efficiently as a treasury function. I am particularly happy that the project was delivered on time and within scope. This can be attributed to OpenLink’s clear understanding of our needs, as well as the professional interaction between our own home team and theirs, which was key in ensuring a smooth path to delivery.”
In addition to the core treasury solution, Rexam has implemented other leading OpenLink solutions to help more efficiently manage its transaction lifecycle including:
- Active Position Manager (APM) for real-time cash and risk reporting
- Cloverleaf SWIFT messaging
- Trade Process Manager (TPM) for bespoke business workflows
- Hedge Analyzer to manage hedge effectiveness
Martin Taylor, Managing Director, OpenLink, remarked: “We are extremely satisfied to have rolled out our market leading solution suite to Rexam, a renowned global business, on time and on budget. The size and diversity of Rexam demonstrates the depth and breadth of our solution suite, and its industry leading cross-asset coverage. This further builds on our growth in the corporate treasury market and shows our strength in this space.”
Learn more about OpenLink’s solutions for corporate treasury.
About OpenLink
Founded in 1992, OpenLink is a provider of cross-asset trading, risk management, related operations processing and portfolio management software solutions for the commodity, energy and financial services markets globally.
OpenLink's client base of more than 460 customers worldwide includes 12 of the top 25 largest commodity and energy companies by market capitalization, eight of the largest financial institutions and 11 of the largest central banks, as well as major hedge funds, commodities companies and public utilities.
Headquartered on Long Island, New York and with offices in New York City, Houston, London, Berlin, Vienna, São Paulo, Sydney, Singapore, Moscow and Toronto, OpenLink has more than 1,000 employees worldwide. www.OpenLink.com
About Rexam
Rexam is a leading global consumer packaging company. We are one of the leading global beverage can makers and a major global player in rigid plastic packaging. We are business partners to some of the world's most famous and successful consumer brands.
Our vision is to be the best global consumer packaging company. Rexam's sales from ongoing operations in 2010 were in the region of £4.9 billion. We have around 80 plants in 25 countries and employ close to 19,000 people. Rexam is a member of the FTSE 100 and its ordinary shares are listed with the UK Listing Authority and trade on the London Stock Exchange under the symbol REX. For further information, visit www.rexam.com
Media Contacts:
Cognito
Caitlin Mitchell
Phone: +1 646 395 6316
olf@cognitomedia.com
OpenLink (Marketing and Communications)
Phone: +1 516 833 4509
Rexam
Jonathan D. Thornton,
+44 20 7227 4141
jonathan.thornton@rexam.com
