ProLogis Improves Global Cash Visibility and Reduces Interest Expense by US$4 Million

ProLogis wanted to improve visibility of global banking and payments for stronger cash management as the company continues to grow and manage a very high number of bank accounts - typical for the real estate industry. The challenge was to put both European and American operations on the same treasury platform to improve efficiency. ProLogis worked with Oracle Partner Elire Inc. to implement Oracle's PeopleSoft Enterprise Cash Management to manage cash flows for over 2,000 bank accounts in North America and Europe and used the system's cash position worksheets to position hundreds of bank accounts simultaneously - eliminating numerous manual, low-value, spreadsheet-based processes.

Provided by: Oracle Topic: Banking Date Added: Jun 2010 Format: PDF

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