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Costco Selects Treasury Management System

Costco Wholesale Corp. here has selected the IT2 treasury management system, from IT2 Treasury Solutions, New York, to support its treasury management operations.

ISSAQUAH, Wash. — Costco Wholesale Corp. here has selected the IT2 treasury management system, from IT2 Treasury Solutions, New York, to support its treasury management operations.

The IT2 solution will provide global visibility of cash and exposures; the US domestic cash management solution will provide access to prior and current day balance information from Costco’s network of banks.

“IT2’s advanced workflow management facilities will enable us to put in place a range of key controls, including our ‘4-eyes’ treasury policy that requires secondary verification of all changes to static data and business logic, so that a secure, compliant and well-documented solution will be implemented,” said Rue Jenkins, assistant treasurer at Costco.

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