X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

With a couple of clicks on the right buttons, Fred Schacknies and his treasury and finance colleagues at Lucent Technologies Inc. can see, real-time, all of Lucent’s more than $4 billion in bank cash and cash investments. Well, almost all and almost real-time. Daily reports on more than 98% of Lucent’s bank cash are available through the electronic polling done through Lucent’s Trema treasury workstation. While the other 2% has to be updated manually from monthly paper statements, he concedes, it really is too small to have an impact on liquidity decisions and cash forecasts.

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.