Seeking to consolidate its far-flung treasury operations andmake financial information more centrally available, $20-billionglobal company Tyco International has hired IT2 Treasury SolutionsLtd. to provide an enterprise-wide system. Tyco, which grew throughacquisitions, has treasury hubs in New Jersey, Luxembourg,Switzerland and Singapore that oversee five financial reportingsegments and business across 50 states and 60 countries.

“This is an effort to improve the integration of the treasuryfunction across our businesses,” says Tyco spokesman PaulFitzhenry.

IT2's treasury management system will give Tyco “real-time,enterprise-wide visibility of cash and risk,” says IT2 CEO KevinGrant, as well as integrate Tyco's domestic and multinationaloperations and five business units. Those include ADT Worldwide;Fire Protection Services; Safety Products; Flow Control; andElectrical & Metal Products. IT2 has done similar work for suchglobal companies as Abbot Laboratories, Chiquita Brands, HyattCorp. and Marriott Corp.