Applying ERM principles to managing supply lines that often stretch around the world allows companies to prioritize risks and establish action plans to respond.
A riskier economy is actually increasing spending on treasury technology for tools that provide global visibility of all cash, improve cash forecast accuracy and clamp better controls on the movement of funds.
Textron partnered with FXpress which partnered with Bancbridge and so on down the line to integrate best-of-breed technology into a state-of-the-art treasury system.
ACL is customizing its continuous monitoring technology for Corruption-plagued German giant Siemens. the massive installation will analyze data from 1,300 business units IN 190 countries.
So much for this summer of our discontent as the year-long global credit crisis threatens to drag on and the markets seem stuck on an endless roller-coaster ride.
In 20 years at Pitney Bowes, CFO Michael Monahan has proven himself in finance and operations. This grounding should serve him well as the company expands its product line and global reach.
