Nissan Motor takes Reuters risk system

Japanese car manufacturer Nissan Motor has bought Reuters’ Kondor trade-processing risk and trade management product, Kondor+.

Nissan will use Kondor+ to support its risk reporting and cash management globally in a range of financial products. The tool compiles risk reports according to flexible criteria such as portfolios and liability content, prepares accounting journals and links to general ledger systems on Nissan’s global network.

Taking Kondor+ has enabled Nissan to integrate treasury databases on a global basis, enabling centralised and real-time control of all treasury transaction data from local and overseas offices. It allows staff to collect up-to-date information on financial transactions in conjunction with a stakeholder in Nissan, Renault Finance, said Akira Sato vice-president of Nissan’s Financial Department.

"As a result, Nissan can gain timely access to and monitor its treasury information and streamline its operations at the same time," he said.