GTreasury

Richardson Electronics' Global Cash Management Project

Richardson Electronics

Richardson Electronics selected GTreasury as their treasury workstation provider. Richardson liked the fact that the company is relatively small, with a reputation for listening and adapting. This was proved by their ability to develop new facets to the solution as the project progressed. Other plus points included the vendor's client list, and especially the fact that they had implemented a payments factory for General Electric (GE).

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Highlights:

  • GTreasury provides effective means of complying with the US foreign bank account reporting (FBAR) regulations
  • Internal requirements involves using current FX rates for translation in accounting for corporate commercial activities in 30 countries
  • GTreasury helped with banking consolidation reducing the number of bank accounts to clear disbursements down to 45 from 90
"The team evaluated two perspective solutions in detail, and eventually chose GTreasury. Members liked the fact that the company is relatively small, with a reputation for listening and adapting. This was proved by their ability to develop new facets to the solution as the project progressed"


Michelle Perricone, CTP, Treasury Manager, Richardson Electronics

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