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TietoEnator and Rabobank implement a corporate cash management solution


15 February 2006, TietoEnator and Rabobank have today signed an agreement for the implementation of a new cash management solution in Rabobank. The agreement covers project implementation, software license, services as well as application management including 24/7 application support. The project will execute during 2006 and 2007. The agreement is valid for 5 years.

The new solution will enable Rabobank to offer a range of innovative and complex cash management products to their corporate customers, made available through a web-based service. The solution includes the standard Cash Management module from the TietoEnator’s Core Banking Suite. The services include cross-border capabilities, sweeping and topping, zero balancing, inter company lending, balance netting, notional pooling and corporate deposit.

“We selected TietoEnator after examining various industry offerings and concluded that TietoEnator’s Cash Management extensive functionality best suited our requirements. We were also very impressed with TietoEnator’s in-depth banking expertise,” said Ben Christiaanse in Rabobank. “We expect a high return on our investment in this solution and are looking forward to a fruitful partnership with TietoEnator in this area. ”.

“Rabobank is one of the most respected and one of the largest banks in the world”, says Ståle Grønningsæter, Senior Vice President, TietoEnator Banking Solutions. “We are pleased that Rabobank chose to co-operate with TietoEnator in this very key area for the bank. This decision strengthens our position as a key vendor of critical software solutions to major banks internationally”.

TietoEnator is among the leading architects in building a more efficient information society and one of the largest IT services providers in Europe. TietoEnator specializes in consulting, developing and hosting its customers’ business operations in the digital economy. The Group’s services are based on a combination of deep industry-specific expertise and the latest information technology. TietoEnator has 15000 experts in more than 25 countries.

Rabobank is a financial services leader providing institutional and retail banking and agricultural finance solutions in key markets around the world. From its century-old roots as a Dutch farmers’ finance cooperative, Rabobank has grown into one of the 25 largest banks worldwide with over $600 billion in assets and operations in 37 countries. Rabobank is the only private bank in the world with the highest possible credit ratings from both Standard & Poor’s (AAA) and Moody’s Investor Service (Aaa), and is ranked among the world’s ten safest banks by Global Finance magazine.


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