From the September/October 2012 issue of Treasury & Risk magazine

AHA Editors' Choice Middle Market Excellence Award in Cash Management

Amping Up Visibility Into Cash Worldwide: Cunningham Lindsey Group

Cunningham Lindsey Group, a third-party loss adjuster based in Tampa that operates in 50 different countries, implemented a treasury workstation to automate what had been highly manual treasury processes.

Cunningham Lindsey’s four-person treasury team was working with 52 controllers worldwide who provided cash forecasts and bank reporting via spreadsheets. Prior to implementing a workstation, treasury received weekly cash updates from just 25% of its entities worldwide, covering about 8% of its global bank accounts, and experienced an average variance of 20% on its cash forecasts.

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