Tableau Software, which has been a wholly owned subsidiary of Salesforce since August 2019, knows how to make data easy to comprehend. Tens of thousands of businesses around the world use Tableau dashboards to make sense of their financial data. Still, several years ago, the Tableau treasury team struggled to see their own global cash balances and transactions.
"Every day, the controllership would log into various online banking portals and generate statements for the previous day's activity," says Ed Barrie, senior director of treasury. "They would use these statements for manual accounting and reconciliation processes, while the cash application team was manually posting and clearing cash receipts against open customer invoices. We had dozens of bank accounts across several different banks, so this approach was quite inefficient. In addition, the fact that they were always utilizing the previous day's statement meant liquidity and accounting activities were operating on a one-day lag."
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.