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Re-engineering With SWIFT

DuPont and other corporates are finding many benefits in implementing straight-through processing and improving bank communications.

By Richard Gamble | Updated on September 02, 2008

Transformational treasury automation projects that will save $2.5 million, produce a return on investment of 203% and pay back that investment in three years are not easy to come by. But those are the rewards that the E.I. DuPont de Nemours Co., Wilmington, Del., expects from its direct connection to SWIFT. And that hastreasurer of the $29.8 billion company, Susan Stalnecker, smiling.

The benefits, of course, come from improved bank communication, which means better cash visibility. With SWIFT reporting, DuPont now can see about 80% of its total available cash, Stalnecker estimates. And visibility is the key to tighter global liquidity management. This means:

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