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Microsoft continues to break new ground and reap the benefits of embracing SWIFT and the newest ISO 20022 standard. By driving bank-agnostic standardization, the Redmond, Wash., company has gained better control over global cash as well as greater automation and less friction in file transfers. The $70 billion software giant launched a liquidity management project to move money among banks quicker, manage counterparty risk better and get richer data to automate payables and receivables reconciliation, auto-clearing and auto-posting. The effort has a projected ROI of 44% over three years, but savings and efficiency gains should continue beyond that. “Using a common standard opens up tremendous benefits for all parties involved,” notes George Zinn, treasurer and corporate vice president.

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