- 41 implementations and upgrades 'go live'
- Partner program boosted to 29 with 10 new partners
- Integration of Alterna technology within The Trema Suite completed
- Trema Suite wins five international treasury and finance awards
London, 3 March 2005 - Trema, the leading global provider of Treasury and Asset Management software, today outlined its key wins in a successful 2004 across its three core markets: treasury; asset management; and government institutions. In the 12 months to December 2004, Trema won 15 significant new contracts, signed 10 new strategic partnerships with consulting firms, and completed 41 implementations and upgrades to the latest version of its award-winning Treasury & Asset Management suite. In May 2004, the company launched version 6.5 of its flagship suite which, as early as four months from acquisition, integrated Alterna's cash management technology with Trema's industry leading treasury and asset management platform. Finally, the Trema Suite won two awards in its own right and received further accolades as the software solution that supports the treasury operations of three award-winning customers.
Fifteen new clients were signed during 2004, including Total, Petronas, AP3, If Investment, Mutuactivos and Ministry of Finance British Columbia. As well as regulatory compliance, key drivers for selection included the system's reliability, configurability and its scalability. Seventeen customers went live in 2004, including France Telecom, Total, Bank of Finland, Degussa, Slovakia's Ministry of Finance (ARDAL), If Investment and Mutuactivos. In addition, 24 of Trema's existing customers also upgraded successfully to the latest release. These included former Alterna clients such as Merck, Philips, Applera and Cargill who also migrated to version 6.5 of Trema's Cash Management Module (CMM).
In 2004 Trema's partnership program expanded to 29 organizations, with new participants including Accenture, CapGemini, DMR Consulting, Gresham Computing and IMG. Trema offers a partner certification and training program designed to improve customer choice and support by creating a larger pool of experts. Eleven new customer implementations and a large number of upgrades completed in 2004 involved partners and are a testimony to Trema's openness and commitment to a strong partnership model.
The Trema Suite was recognized with five awards in 2004:
Â· Global Finance - Best Treasury System for Europe
Â· Global Finance - Best Treasury System for Latin America
Â· Global Finance - Best Provider of Outsourced Treasury Solutions won by ABN AMRO
Â· Alexander Hamilton - Three awards won by Lucent, including the Overall Treasury & Risk Management Excellence category.
Â· EuroFinance - Treasury Excellence won by Philips (Cash Management Module)
MichÃ¨le Fitzpatrick, CEO, Trema, comments: "2004 has been a year of change and success for Trema. Through the acquisition of Alterna, we strengthened our offer and expanded our presence in the Americas. At the same time, we increased our market focus through the appointment of strong regional management, signed a number of significant new contracts across all core markets and reinforced our partnership programme. Our R&D investment and efforts continue unabated as Trema prepares to release another breakthrough version of our Suite in 2005. But best of all, we forged close business relationships with our customers that culminated in 41 successful implementations and version upgrades. This resulted in strong growth in the second half of the year and set the platform for continuous growth in 2005."