DuPont determines that a specialized treasury solution offers improved visibility & control over ERP

SunGard on June 28, 2012
Tags: treasury services

DuPont’s treasury functions were operating out of five regional treasury operation centers. Each center had its own standard processes including decision-making capabilities. The department was also utilizing seven different technology platforms and managing over 1,000 bank relationships and over 16,000 bank accounts which was costly to maintain.

It was practically impossible to construct a global cash and risk position, because the data was disparate, prone to multiple “touches”, and difficult to combine in a coherent and consistent fashion.

DuPont centralized its treasury team into three regional centers, standardized its processes and selected SunGard’s AvantGard Quantum treasury, risk, and cash management solution to help gain visbility into cash and risk. As a result the company was able to gain real-time visibility into its daily cash position, reduce manual processes, improve productivity, reduce headcount from 350 to 71, standardize reporting and improve tracking and audit activities.