Thank you for sharing!

Your article was successfully shared with the contacts you provided.

For as long as anyone can remember, the University of California, with its far-flung 10 campuses and affiliated foundations and alumni organizations, has managed its cash in what Richard Powell, senior banking manager for the UC Banking Services Group, calls “a hodgepodge,” with bits and pieces at each campus. The $20 billion institution, which collectively handles $300 million to $400 million moving in and out daily, used Excel spreadsheets and bank supplied communication software to manage cash. Each campus and organization had to track what they were doing each day and provide estimates of their funding needs. Communications with the university’s central treasury operation were manual, involving phones, faxes and e-mail.

Treasury & Risk

Join 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
Join Treasury & Risk

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