Collaborating on the implementation project, which will commence at the end of this month, is Selkirk’s strategic partner, Arthur Andersen’s Derivatives and Treasury Risk Management (DTRM) practice. Treasury Manager™ will support Saatchi & Saatchi’s global multi-site treasury operations in New York, NY, and London, UK, with cash management and forecasting, debt, foreign exchange, general ledger interface and electronic payments functionality. Steven Polak, Cash Manager, of Saatchi & Saatchi remarks, ‘Sharing accurate, timely information between our American and European treasury groups is indispensable and we found that Selkirk Financial clearly understood our business needs and could effectively and efficiently deliver those needs. We chose Selkirk’s Treasury Manager because of its ease of use, flexibility, and ease of tailoring. By increasing treasury efficiency, reducing bank fees, increasing investment return and lowering debt expense through efficient controls on cash, Treasury Manager will provide tremendous cost savings for Saatchi & Saatchi.’
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