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With its technology smarts, vast global banking network and deep treasury staff, $62.5 billion Microsoft regularly helps define state-of-the-art treasury operations. So when treasury called eight of Microsoft’s primary banks to its Redmond, Wash., campus for an intensive two-day workshop in March, participants got a glimpse of the future. It’s called XML. At the workshop, “we went through our strategy for partnering with banks to migrate our electronic communication to XML,” says George Zinn, treasurer and corporate vice president at Microsoft. “We worked out a technology road map in detail, including all the data fields. And we got agreement on how all of us would use those fields.”

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