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

Bronze AHA Winner in Technology Excellence

Scaling Systems for Future Growth: Google

If there is one company well-versed in managing data growth, it’s Google. Four years ago, the online giant began implementing various projects and platforms. Soon, however, Google executives realized their treasury infrastructure would not scale to meet the company’s future needs.

Google Treasurer Brent Callinicos threw down the gauntlet, asking his team to develop an infrastructure that would fix the department’s inefficiencies and prepare for dramatic growth in the transaction volumes and types of supported assets the company might face in the future.

A 10-employee team worked with external vendors to pick up Callinicos’ challenge and completed four separate projects that addressed the treasury’s scalability issues over the past 12 months.

The team deployed the Aladdin investment system from BlackRock Solutions to manage the company’s investment portfolio. It achieved a much more thorough view of potential credit impairment of its investments by working with Moody’s Credit Research Service to build an issuer-level credit modeling framework.

Internally, the team centralized bank statement reporting across multiple banking portals, allowing treasury employees to retrieve statements for Google’s more than 600 bank accounts in a single step. They also delivered 99% availability for treasury reports during peak system use by adopting cloud-computing architecture.

“Each of the four projects represented areas we felt we could improve on in terms of removing manual processes and enabling straight-through processing, improving system utilization and efficiency as well as providing a one-stop shop for treasury’s needs,” says Tara Dwivedi Mathew, corporate engineering treasury manager at Google.

The projects also freed up the equivalent of six full-time employees from managing legacy manual processes and allowed them to be reassigned to more strategic treasury activities.

“We’re most proud of the reduction in resources we were able to achieve by streamlining our systems,” says Dwivedi Mathew.


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