Financial Technology

Omnicom Supports Global Treasury Efficiency via the Internet – a case study

The ‘bad old days’ at Omnicom’s treasury, resulting from rapid expansion and involving a network of disconnected systems, gave rise to a number of concerns with regard to time spent in manual entries, security and expense. The company’s treasury team looked for a solution that would eliminate re-keying and minimise paper-based transactions, enhance security and reduce costs. It chose a web-based STP solution to link its global treasury operations, and this case study describes the partnership basis chosen to implement the new system and the ways in which the system has addressed their previous concerns.

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