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Michael Watts was on the cutting edge of treasury outsourcing. Unfortunately, he got nicked through no fault of his own. As the manager of global cash for Eastman Chemical Corp., he volunteered his company to beta test Wachovia Bank’s proposed cash-management venture in outsourcing called AssistantTreasurer.com. “We were hoping to shift routine activities to someone with the technology, skills and staff-depth to specialize in that area,” says Watts. “We liked the AT.com plan, and feedback from the bank was positive.”

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