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When Boeing–at $61.5 billion in revenues, the world’s leading aerospace company and largest manufacturer of commercial and military aircraft–decided to take on the challenge of rationalizing its foreign exchange procedures, it realized it faced four formidable impediments: Processes were highly manual and labor intensive; reporting formats were inconsistent; data was often inaccessible to the business units; and different legacy systems failed to adequately communicate with each other and users. But as vexing as the obstacles, mounting overseas sales and outsourcing of manufacturing made the need to develop a holistic foreign exchange technology infrastructure an inevitable conclusion.

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