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Handing off IT chores may be the biggest selling point of a move to the cloud, but treasury executives cite a number of other advantages as well, ranging from cost savings to the community of users.

At Rockefeller Group, a New York City-based commercial real estate developer, owner and investor, the adoption of a software-as-a-service (SaaS) treasury solution from Kyriba freed the treasury team from the work involved in upgrading and maintaining the system, which had been a burden for the relatively small group, according to Sam Pallotta, the company’s treasurer and vice president.

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