Aggreko’s Treasury team was previously using an Excel spreadsheet to keep track of the bonds and guarantees that it issued. With several people accessing the spreadsheet, it was hard work maintaining the integrity of the data.
“Trezone Guarantees has revolutionized the maintenance of and access to this data for Aggreko Treasury”
As stated by Aggreko’s Group Treasury Manager Carol Power, “Trezone Guarantees has revolutionized the maintenance of and access to this data for Aggreko Treasury”. With Trezone’s authorization module Aggreko is now able to share the workload of maintaining the data with its business units, allow them to input requests for bonds and guarantees directly, have them approved regionally as required by the company’s policy, and then handled as appropriate by Group Treasury. As well as eliminating Excel spreadsheets in Treasury, Trezone helps eliminating all the spreadsheets the business units were maintaining locally for their own guarantees.
By offering a platform enabling simultaneous editing and updating of data, Trezone has significantly improved the integrity of the data handled in the company. In addition, it has improved reporting, making it easier to report in a variety of ways.