New York – May 29, 2012 – OpenLink Financial LLC (OpenLink), a leading provider of treasury, cross-asset trading, risk management and operations processing software solutions, which support the entire transaction lifecycle, congratulates their client Rexam PLC, a leading global consumer packaging company, for winning “Large Cap Treasury Team of the Year” in the 2011 Association of Corporate Treasurers (ACT) Deals of the Year Awards. Last November, Rexam went live with OpenLink’s treasury solution suite, supporting Rexam’s global treasury, cash, commodity, and risk management activities. The investment in systems innovations and the re negotiation of its revolving credit facility were the main reasons for this success.
“We are pleased to be recognised for our streamlined, global treasury business processes,” said a Rexam spokesperson. “We established an excellent working relationship with OpenLink from the outset, which enhanced our efficiency, enabling our treasury team to maintain its progression on the system implementation without losing focus on the day to day business. To be presented with this award is testament to the partnership between OpenLink and Rexam PLC and the commitment shown by those involved throughout the implementation”
Rexam uses the OpenLink solution suite for debt, interest rate products, foreign exchange (FX), money markets (MM) and intercompany products. Within the system, the company manages its commodity transactions and all associated risk, back office and accounting. The system enables all financial risks to be captured and managed centrally, including metal exposures in commercial contracts, with web portal access for the group’s key operating units worldwide.
“We congratulate Rexam on their much deserved win and thank the ACT for highlighting and acknowledging their success,” said Martin Taylor, Managing Director at OpenLink. “Our goal is to always provide clients with the highest level of support and to work as partners to constantly improve standard practices and processes for the markets and industries we serve. We are extremely pleased to be recognized as part of such a prestigious win which showcases not only our solutions but our capabilities and growing role within corporate treasury.”
The Deals of the Year Awards are organized by The Treasurer, the official magazine of the ACT. These awards are the only treasury awards where the winners are judged by fellow practitioners. They celebrate the achievements of the corporate treasurer in successfully accessing the debt and equity markets on behalf of their company. All types of deals are considered and judged on the basis of demonstrating innovation and excellence in treasury, rather than on the size of the deal.
To learn more about the ACT Deals of the Year Awards and view all of the 2011 winners, please visit http://www.treasurers.org/awards/2011.
Rexam is a leading global consumer packaging company. It is one of the leading global beverage can makers and a major global player in rigid plastic packaging. Its business partners are some of the world’s most famous and successful consumer brands. Rexam’s vision is to be the best global consumer packaging company. Rexam's sales from ongoing operations in 2011 were in the region of £4.7 billion. It has more than 80 plants in 25 countries and employs close to 19,000 people. Rexam is a member of the FTSE 100 and its ordinary shares are listed with the UK Listing Authority and trade on the London Stock Exchange under the symbol REX. For further information, visit www.rexam.com
Founded in 1992, OpenLink (www.OpenLink.com) is the global leader in transaction lifecycle management solutions for the commodity, energy and financial services industries. OpenLink's products address portfolio management, trading, risk management, and operations processing for both financial and physical assets.
Owned by leading private equity investment firm Hellman & Friedman, OpenLink is a global software and services business that has grown both organically and through strategic acquisitions, to achieve revenues in excess of $300 million. The company serves over 500 clients, including 12 of the world's largest commodity and energy companies, 9 of the largest financial institutions, and 11 of the largest central banks. OpenLink has 1,300 employees in 12 global offices on five continents, with headquarters outside New York City and field offices in Houston, London, Berlin, Vienna, Toronto, Moscow, São Paulo, Singapore, Dubai, and Sydney.
OpenLink has received numerous industry awards and recognition, including citations as the industry leader by Gartner and first-in-class ranking by Energy Risk Magazine for Commodity/Energy Trading and Risk Management (C/ETRM) systems.