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The practice of assigning credit limits to customers is not new or unique, however, to implement such a solution in a short period of time (18 months) and to transition c.13,000 customers from an indirect search model via a revenue share agreement with Yahoo to become direct advertisers spending on the Bing Ads platform was an incredible accomplishment.
Fresenius required a payment factory and a payment processing platform which is fully integrated with its various ERP systems and also provides security and compliance.
In just four months, National Grid was able to establish a world-class treasury function using Reval’s software as a service (SaaS) treasury and risk management solution and outsourced hedge accounting.
UPS has become an innovator in harnessing data to drive critical decisions and improve complex processes. The solution showcased here has put future-proof processes in place too.
The complexity of each of their financings, the volume of payments and a corporate structure with a significant number of asset-owning companies with varying bank account requirements, meant that a tailored, customer-focused, and nimble approach was needed from all of their system vendors, but in particular, their banking partner and treasury management system (TMS). For a small team like Goshawk to achieve this solution in such little time, while competing at the highest level in the industry, is something truly exceptional. Citi, IT2, Leasepoint and SunSystems were partners in this journey.
Microsoft Treasury and Microsoft’s Cortana intelligence team partnered together to build a machine learning forecasting solution for accounts receivable. This addresses a key exposure for the company and exceeded expectations by improving forecasting accuracy and operational efficiency for the team.
To efficiently manage Microsoft’s global cash, the monthly cash flows of 320+ subsidiaries in 115 countries have to be determined therefore Microsoft has developed a cloud based solution that allows users to submit forecasts to a central web interface with some impressive benefits.
Both TMS’s have been replaced with a single platform, provided by OpenLink, which covers all key treasury requirements. The new system has dramatically reduced manual processing, including direct interfaces to dealing platforms such as 360T.
Philips identified a significant exposure to raw material price risk which was resulting in high levels of EBITA volatility. A state of the art tool has been developed in order to give Philips full transparency and visibility on their commodity market price risk. Raw material prices can’t be predicted, but knowing your exposures and being able to react appropriately gives Philips a real competitive edge.
Diageo is continually concerned with maintaining a FX risk management policy that meets its risk management/corporate objectives, maximises cost efficiency and is exemplary of current best practice.