From the November 2010 issue of Treasury & Risk magazine

Bronze AHA Winner in Technology Excellence

Expanding the best-of-breed integration strategy that enabled Google to take first place in this category last year, the company captures this year's bronze for more pinpointed efforts.

Last year's award recognized Google's integration of seven vendor solutions and its creation of end-to-end automated treasury systems, while this year's applauds initiatives that could broadly impact the treasury.

Google expanded its use of SWIFT messaging--already used by its treasury cash management system--to retrieve payment and collection information files directly from bank partners around the world. Files sent by the Bank of Bangkok, for example, previously passed through Citibank and a vendor intermediary before arriving at Google. Using SWIFT lets Google receive the files directly from the Bank of Bangkok, eliminating the intermediary delays and costs.

Comments

Advertisement. Closing in 15 seconds.