From the November 2011 issue of Treasury & Risk magazine

Bronze AHA Winner in Technology Excellence

When you have a holding company, it’s best to take advantage of it. Omnicom Group’s more than 1,500 ad agencies worldwide were spending $147 million on equipment leases in 2001. Each lease was negotiated by a local agency with one of more than 350 leasing companies.

No one had a comprehensive view of equipment prices or the financing rates, and hence their competitiveness, says Eric Huttner, assistant treasurer at $12.5 billion Omnicom.

Comments

Advertisement. Closing in 15 seconds.