Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The City of Los Angeles was bogged down in fragmented, antiquated banking and cash management practices when treasurer Joya De Foor and assistant treasurer Crista Binder tackled the juggernaut spanning 42 disparate lines of business. They started by dividing city enterprises and departments by the complexity of their banking and cash flow activities. Then the project team looked at how it could rationalize, streamline and automate one after another of the parts of a $17 billion municipal business with more than $60 billion in annual cash flow, at the same time the city wrestled with the worst budget deficit in its history.

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.