Australia's Queensland Treasury Corporation (QTC) ─ the central financing authority of the Queensland government ─ has chosen Wolters Kluwer's integrated finance, risk, and reporting platform to enhance its data and reporting capabilities.
Wolters Kluwer's OneSumX platform takes data from QTC's strategic core, treasury, finance, and third-party systems to create a framework for reconciled reporting. It also provides a trading subledger, a full audit trail, and tracks user and information workflow.
Philip Noble, QTC chief executive officer, said the platform could help the authority meet both the increasing demand for its services while complying with additional reporting requirements.
"We have worked together in true partnership to achieve these outcomes and longer-term benefits for the business under our prescribed budget and challenging deadlines," Noble said.
QTC offers a range of financial services to the public sector and local governments in the state of Queensland. These services include debt funding and management, cash management, risk management advisory and public finance education.