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EADS goes live with the Calypso System for Treasury and Risk Management
Published on 10 Jul 2012
Calypso Technology Inc. announced that EADS, a global leader in aerospace, defense and related services, has implemented the Calypso system as the firm’s treasury management solution.
The Calypso system has replaced a legacy treasury system at EADS’ central treasury department. Calypso’s cross-asset platform will support global in-house treasury requirements across a range of products, including FX, MM, Equities, Fixed-Income, FX Derivatives, Credit Derivatives and Interest Rate Derivatives. The Calypso solution has been implemented for cash management, collateral, asset management, accounting, reporting, limits and liquidity risk, which provides a holistic, real-time globally-centralized cash position for the entire EADS Group.
Andreas Drabert, Vice President Treasury Controlling at EADS, said, “We were seeking a robust platform that would enable us to consolidate a wide range of financial instruments as well as the full scope of our processes onto one integrated central platform.”
With EADS, Calypso provides the sophisticated technology and expertise from the global capital markets to achieve significant efficiencies for a non-bank entity by bringing treasury operations and risk management to the enterprise level. “Enterprise-wide cash management and a global view of liquidity and credit risks are key concerns for CEOs, CFOs and Treasurers across all industries. The partnership with EADS is a validation of our ability to solve large enterprise treasury management challenges in a dynamic non-financial environment,” says Kishore Bopardikar, President and CEO of Calypso Technology.
Mr. Drabert continued, “One of the major goals in bringing Calypso onboard was – besides replacing our existing treasury system – to prepare the department’s system environment for the challenges of the future. In Calypso, we’ve found a dedicated partner, after a detailed selection process, who understands the treasury and risk management needs of a firm with extensive financial market activities like EADS. This understanding in combination with strong capabilities in trade support and risk management as well as in settlement and accounting convinced us to enter into a development partnership with Calypso. Since the go-live, we are observing excellent results from a very flexible, robust and integrated cash-management process that is typically the centerpiece of treasury activities in industrial corporates.”
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