From the November 2008 issue of Treasury & Risk magazine

Bronze AHA Award Winner in Corporate Governance

On the whole, treasuries don't get involved in sourcing issues. But that's changing. As the guardians of compliance, governance and risk management standards, their influence is spreading across departmental borders. At Allianz of America, for example, treasury successfully led an enterprise-wide cost-reduction and process improvement sourcing program last year.

Project Synergy Drive (PSD) united seven independent companies under a new, centralized governance umbrella for legal, financial and executive signoffs.

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