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Treasury Workstations: The Next Generation

Souped up workstations arrive just in time for harried treasurers

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For the past year, the treasury at DuPont has been working diligently to move from regional liquidity management to global, reorganizing its cash operations around two treasury centers in Wilmington and Singapore and whittling away at its banking relationships until it is essentially down to three major regional banks–Citibank, J.P. Morgan Chase and Bank of America. And that’s about as far as it plans to cut for now.

Why not simply choose one global overlay bank? Banks would line up for the job. Webber Lee, DuPont’s assistant treasurer, says there’s no need. “Cash management depends on information, and we can get that information now without depending on a bank,” Lee says. How? Through its SunGard Quantum treasury workstation, of course.

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