Industry
Real Estate
Region: Americas, Europe and Asia
Summary
A world’s leading real estate company operating in Americas, Europe and Asia managing multibillion-dollar real estate programs globally automated corporate cashflow management with inter and intra-banking transactions, investment/debt and cash reconciliation reporting using PeopleSoft Cash, Deal and Risk with multiple currencies, banks, counterparties, and in-house banking
Objectives and Challenges
- Objectives: Automate cashflows and in-house banking, implement daily cash position, forecast and reconciliation through automated real time banking and counterparty integrations and reporting/dashboards
- Challenges: Global implementation with multi-currency and large volume; Cross-border regulations; Cash positioning with multiple time zones and rollups; intra-day/inter-day transaction flows with limited downtime; Complex reporting and reconciliation; Intercontinental project stakeholders
Results
- Integrated real time cash management solution with cash, deal and risk using enterprise resource planning application investments
- Inter-day/Intra-day cash positions and forecasts, transfers, investments, debt, derivatives and risks – all managed under one platform
- Unified cash position security based on country specific user provisioned roles and responsibilities with data segmentation
- Streamlined cashflow management with multiple payment methods with workflow and audit controls enabling cash and deal reporting
- Automated daily bank statements, cash pooling and in-house banking
Benefits
- Automated global bank statement processing across enterprise, eliminated human intervention, enabled data privacy compliance
- Improved visibility, control and risk management functions
- Actionable insights on cash, investments, debts and derivatives
- Global cash management and in-house banking reduced borrowing costs through real-time cash positions/forecasts
- Automated compliance reporting and audit management through centralized managed support and services reducing labor costs
Products and Technology
- PeopleSoft Cash
- Deal
- Risk
- Payables
- Receivables
- Real Estate
- Assets
- Maintenance
- General Ledger
- Payroll
- PeopleTools
- Batch Scripts
- Dynamics
- Microsoft Office Products
- Cronjobs
- Business Objects
- Data Encrypt
- Essbase
- ODI
- Data Guard