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It was about time. Last year $5.8 billion Eastman Chemical Co. dumped its obsolescing installed XRT software, licensed in 1995 and last updated in 2008, in favor of software as a service (SaaS). The new solution, Treasura, let treasury move all of its global cash management to one highly accessible platform that would accommodate multiple currencies instead of just U.S. dollars, as the XRT system did, reports Shane Mann, manager of global cash management. “We needed a platform to standardize and centralize all processes across all regions,” he says. “The move to an up-to-date SaaS system made us more efficient and allows us to back each other up across all regions.”

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