Soon after starting at Cisco Systems 11 years ago as a portfolio manager, Roger Biscay noticed that treasury faced too many "fire drills" when specific information had to be gathered quickly from across the company's global operations. It didn't take long to realize that "it would be more effective to have an individually customized, internal site to provide updated information on a collaborative basis for key users, so we could focus on our jobs rather than spending valuable time pulling data together," says Biscay, now Cisco's treasurer and vice president.

In the next 10 years, Cisco's treasury built an internal Web site, as well as online tools for aggregating and reporting data and facilitating staff collaboration. The applications didn't communicate well, however, and users often had to access multiple applications to complete tasks.

Enter Integrated Workforce Experience (IWE), which Cisco implemented about 18 months ago to replace those tools for senior executives. The treasury beta-tested IWE in late 2009, and it is now being rolled out across the company. One of Cisco's banks is now beta-testing IWE as a future commercial product, to be called Quad.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.