Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A long history of acquisitions has made $31 billion Honeywell International a conglomerate with businesses that operate independently in more than 100 countries and in a wide variety of currencies. These legal entities do a lot of buying from and selling to each other, allowing corporate treasury to adopt a multilateral netting solution that led to an 89% reduction in funds transfers, an 80% drop in settlement costs and a silver award. “We were wasting millions of dollars by having those businesses use gross settlement,” says Panji Winanteya Ruky, senior regional treasury manager.

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.