From the November 2010 issue of Treasury & Risk magazine

Gold AHA Winner for Best Green Strategy

Treasury at Cisco responded to the company's call to cut travel budgets by chopping more than half a million from its travel expenses over the past three years. To do that, treasury turned to Cisco's own TelePresence technology, which uses high-definition cameras and large video monitors to facilitate meetings among participants in different locations, and WebEx, which allows the sharing of documents and files online.

Cisco's far-flung treasury ranges from its operations in the San Jose, Calif., headquarters to the group in Reno, Nev., that oversees the company's investments, to an office in Rolle, Switzerland, as well as staff in Atlanta, Amsterdam and Singapore. Using three TelePresence units, in San Jose, Reno and Rolle, Cisco's 30 treasury employers reworked their processes to cut back drastically on the amount of travel, while at the same time keeping up with the company's growing business.

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