Agilent Technologies has implemented Richmond Software’s Odyssey system for its global treasury, treasury accounting, financial risk and cash management requirements. Agilent, headquartered in Palo Alto, California, is a technology provider in communications, electronics, life sciences and chemical analysis. The system serves Agilent’s worldwide treasury and treasury accounting operations located in California, Singapore, and the UK, and will in the future interconnect via the web to Agilent’s subsidiary network. The solution enables Agilent’s treasury operation to manage global banking relations, forecast cash flow, execute hedging, investment and funding transactions, and operate the company’s global cash pools. The system is linked with Agilent’s ERP system; the company’s lead cash management banks; the FXAll electronic dealing platform; and Bloomberg, for a daily market rate feed. The system has been configured to support Agilent’s compliance with FAS 133 (hedge accounting) and Section 404 of the Sarbanes-Oxley Act.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.