The US and UK-based Jefferies Bache Treasury business has gone live on TwoFour’s Cash Management solution, TwoFour™. TwoFour’s solution provides Jefferies with intra-day real-time aggregation of balances and cash flows across their multi-entity, multi-currency environment. The solution additionally consolidates cash forecasting and processing of payments and receipts in one core system and provides global real-time liquidity views, intraday cash-flow matching and exception handling. These features yield reduced settlement risk while increasing funding accuracy for Jefferies.
Using TwoFour’s robust blotter functionality users can easily drill down from consolidated balances to the actual cash flow item level. This feature allows for a quicker resolution of issues and optimal use of funds which increases Jefferies’ market efficiency and client satisfaction. TwoFour’s usage is now undergoing a planned multi-phase expansion for more than 200 users across Jefferies’ other affiliates in the U.S., Europe and Asia.