As Murphy USA prepared for its spinoff from Murphy Oil two months ago, cash management was a key concern. The new company wouldn't be able to borrow as easily as Murphy Oil can, so treasurer Kristi Clay and manager of cash management Todd Gilreath needed better real-time visibility into their cash position and forecasts. The company engaged a team of Deloitte & Touche LLP advisers led by Carina Ruiz, partner, and Prashant Patri, senior manager, to assist.
Not only did the project dramatically improve cash management, but it also opened up new lines of communication companywide and boosted visibility between business units. Treasury & Risk sat down with Clay, Gilreath, and Patri to discuss how Murphy USA broke down the silos in its corporate culture.
T&R: First of all, what does Murphy USA do?
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