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Sun Microsystems Inc. was operating with a seriously deficient eight-year-old stock plan system, inadequate Web access tools for the 30,000 participants, and painfully few interfaces with other finance systems. With new Financial Accounting Standards Board (FASB) rules to confront in addition, Sun had no choice but to do a major overhaul of its defined benefit plan–or create a brand new process. “We needed to do something. We needed to do it at once. We needed to do it economically. And we needed to do it right,” says Jeffrey Boldt, Sun treasurer and vice president of finance.

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