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How to Build a World-Class Cash Management Operation

Brocade built a world-class cash management operation at a low cost by integrating all of its banking information using a single, common, standardised platform and by transforming existing business processes to achieve high degree of automation and efficiency.

Key Points

  • Brocade wanted to build a world-class cash management operation at a low cost by integrating all its banking information using a single, common, standardised platform and by transforming existing business processes to achieve high degree of automation and efficiency
  • After evaluating various options, SWIFT, Oracle Cash Management & ORBIT Treasury Solutions were chosen, and a business case put together
  • Implementation began in December 2013, with the key partners Bank of America, ORBIT & SWIFT - and the first phase went live in April 2014
  • We are able to initiate, post, and reconcile AR and AP transactions with fewest manual interventions
  • We can now manage our daily cash positions, report and forecast our cash positions timely and efficiently
  • The author shares some key insights on the Opportunity, Business Case and Implementation

 

 

Written by

Rajkumar Varahagiri
Business & Systems Transformation Lead
Brocade

Cash & Liquidity Management Series (44 articles)

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