Thank you for sharing!

Your article was successfully shared with the contacts you provided.

When On Semiconductor Corp. was spun off from Motorola in 1999–just in time to tank along with the rest of the semiconductor industry–the Phoenix-based company decided to address the question of its survival by becoming much more efficient. Instead of hoarding liquidity, On Semiconductor went shopping for sophisticated systems to replace the highly manual legacy technology it inherited from Motorola. Its executives settled on an Oracle ERP system for its backbone and a Quantum workstation from SunGard Treasury Systems for its treasury processing. Then, as often happens in life-threatening situations, people managed to see beyond departmental divides. “We were in survival mode for almost three years,” recalls Gerald Freeman, assistant treasurer and corporate risk manager. “We knew we had to work together. The walls of functional protection came down.”

Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.