Aster Group implements titanTreasury

Overview

Aster Group (“Aster”) has successfully completed the integration of titanTreasury, the Treasury Management System (TMS) delivered by Centrus.

The group manages over 36,000 homes with a plan to deliver over 11,200 additional homes by 2030.

Aster required an integrated TMS to calculate the rate of SONIA interest rates, calculate the cost of fix rate debt as well as automate the production of accrual and payment journals.

Centrus Solution

titanTreasury is an expert Treasury Management System (TMS) that offers financial departments and treasurers the best functionalities for monitoring and controlling operational market risk (rate, foreign exchange, commodities), credit and liquidity risks.

The Centrus and Aster team worked closely throughout the implementation. The client team were provided with training and support to confidently use titanTreasury on a day-to-day basis.

titanTreasury provides accuracy in calculating their Sonia-linked interest amounts and ensures payments are processed on time. With a complex syndicated loan, Aster can rely on titanTreasury to keep on top of their capital and interest payments.

titanTreasury Benefits:

• Automatically generated month end journals.
• Control of liquidity and Sonia linked cash payments.
• Clear view of debt maturity ladder.
• Enhanced cash visibility.

With optimal integration of third-party tools, Aster can automate treasury tasks, thereby limiting operational risk.

“We have been delighted with the titanTreasury system since implementing, having utilised the expertise of the team to manage the debt portfolio of the group.

We now have a system which generates and automatically posts accounting entries, is efficient and accurate.

Our thanks to the team that supported us through the implementation.”

Paul Jeffries
Director of Treasury – Aster Group

“We are pleased to welcome Aster to the titanTreasury family! As always, we worked closely with the client to streamline processes built around their current eco system. For the Aster treasury team, this means they now have automatic access to reports that give oversight of their liquidity positions, investments and forecast cashflows, while sending accounting journal entries to their ERP system.”

Gilles Bonlong
Director – Centrus

For more information, please contact gilles.bonlong@centrusadvisors.com

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