TreasuryONE, South Africa’s premier treasury services company, is pleased to announce that it is providing a broad range of outsourced professional treasury management services to Libstar Operations (Pty) Ltd, a whole-owned subsidiary of Libstar Holdings Limited (“Libstar”).
All treasury functions will be processed using the world-class IT2 treasury management system to schedule, control, store and report on all FX, cash forecasting and other market operations, providing a much more functionally rich, robust and secure technology platform than is possible with spreadsheets.
The TreasuryONE team works in partnership with the Libstar team to fulfil treasury management requirements, in full compliance with their documented treasury policy.
Hennie de Klerk, Founder and CEO of TreasuryONE, comments: ‘Libstar is taking advantage of our treasury outsourcing service to enjoy all the cash and risk management benefits of professional treasury management, at a fraction of the cost and risk of setting up and running an in-house treasury function. I am delighted to welcome Libstar to the TreasuryONE prestigious client community. We are looking forward to working with them as their treasury management needs grow and diversify into the future.’
About Libstar – (www.libstar.co.za)
Libstar was founded in 2005 to acquire and grow operations in the consumer packaged goods (CPG) industry. Today the Group has become a leading producer and marketer of quality products to South African and global markets.
The Group has a significant portfolio of more than 9 000 products, with 89% of revenue generated from food. These products range from fresh produce to pre-packaged meals. Over the years, Libstar has acquired small to medium-sized businesses that demonstrate strong management drive and high-quality operations and provided a platform for these businesses to grow through the provision of working capital and investment in infrastructure that builds manufacturing capability and capacity.
About TreasuryONE (www.treasuryone.co.za):
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 and 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, robotic process automation systems, foreign exchange rate risk management and execution services, offshore investment transfers, outsourced treasury management operations, investment management, best practise treasury consulting services and financial instrument valuation. Clients experience the value of enhanced treasury performance and reduced risk in today’s demanding financial environment.