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Large corporations usually have to work around legacy systems. However, when Merck decided to launch an enterprise-wide infrastructure project to standardize end-to-end business processes on a single instance of SAP and implement a network of regional shared service centers, treasury had “a once-in-a-generation mandate and opportunity to work with our local subsidiaries to define and implement a new global vision for treasury,” says Ian Johnson, senior director of global cash management. “It will be based on the best banking and technology structure to support the company in the 21st century.” So the race was on to put in place that treasury infrastructure ahead of the SAP and SSC rollout. It is a race that Merck treasury is winning.

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