Pretoria – 13 October 2014 – TreasuryOne announces that Nampak, Africa’s largest packaging company, has selected TreasuryOne’s treasury management system technology to support their cash and treasury risk management operations.   Based at corporate headquarters in Sandton, Nampak’s treasury team is responsible for cash management and forecasting, international payments, foreign exchange and interest rate risk management and treasury accounting.

The treasury management system delivers powerful and robust support for all treasury workflows. The system offers world class transparency, audit quality and control. It provides a secure platform for Nampak treasury’s operations and risk analysis, as well as generating a full range of operational and management reporting promptly and dependably. ‘The treasury workflows have been flexibly configured in compliance with Nampak’s specific policy and process requirements, and are fully locked down to assure the integrity of live operations’ says Julian Hitchcock, Nampak’s Group Treasurer.

“Nampak treasury now enjoys premier systems support for their world class domestic and global operations,” explains Hennie de Klerk, TreasuryOne’s CEO. “We are working in partnership with the Nampak team to ensure that they enjoy all the benefits of best practice automated treasury processes, on a flexible platform that will adapt very responsively to future business developments.”

About Nampak Nampak is Africa’s largest packaging manufacturer and listed on the Johannesburg Stock Exchange in 1969. In South Africa, Nampak manufactures packaging products from metal, glass, paper and plastics; these are supplied to a wide range of customers. They are also a leading producer of toilet tissue and related products. In the rest of Africa, Nampak has manufacturing operations in Angola, Botswana, Ethiopia, Kenya, Malawi, Mozambique, Namibia, Nigeria, Swaziland, Tanzania, Zambia and Zimbabwe. Nampak’s sales revenue in fiscal 2013 was ZAR 18.296 billion (approximately US$ 1.652 billion), with a net profit of ZAR 1.2671 billion (approximately US$ 114 million).

About TreasuryOne TreasuryOne was established in May 2000. The company's mission is to provide a broad range of best practice treasury services to organisations of all sizes and levels of complexity, and also to private individuals. TreasuryOne delivers professional treasury services to clients as and when needed. All TreasuryOne offerings are fully scalable, so that the client enjoys the benefit of expert, cost-effective advice and execution, without paying for unnecessary staff and system overheads in the specialist field of treasury. Our clients enjoy all the benefits of working with a highly qualified and experienced partner.

TreasuryOne’s product offerings include the delivery and support of treasury management technology systems, foreign exchange rate risk management and execution services, offshore investment transfers, outsourced treasury management operations, investment management, best practise treasury consulting services, financial instrument valuation and treasury training. Clients experience the value of enhanced treasury performance and reduced risk in today’s demanding financial environment. TreasuryOne is an authorised financial services provider. FSP no 22433