Houston-based ConocoPhillips didn’t have to invent a state-of-the-art treasury operation. It already had one, using SAP’s treasury and risk management module within its single global SAP ERP system. But it had to clone that operation quickly and seamlessly when the board of directors decided to split the company in two, making ConocoPhillips an independent exploration and production company with $65 billion in projected annual revenue and putting the downstream businesses into a new company, Phillips 66, with projected revenue of about $190 billion. To minimize the changes, the company decided not to use any new systems or providers. But extensive, complex streams of payments and receipts had to be surgically separated so that each company would be operating securely and efficiently from the go-live date of May 1.
The U.S. Supreme Court has issued a single signed opinion since the start of the 2017-2018 term. What's up with that?
Treasury & Risk is pleased to announce this year's finalists.
The firm promotes itself as having the expertise and capability of big firms, while still having the efficiencies of a midsize firm.
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Follow these 4 steps to help protect profit and avoid currency related losses while doing business across borders.
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