Philip Morris Selects SunGard's eTreasury
Philip Morris Management Corporation has selected SunGard’s eTreasury-enabled Global Treasury and Risk Management solution to support their global treasury activities. Philip Morris will be establishing a virtual treasury community between its regional treasury centers in New York, NY, and Zug, Switzerland, ultimately connecting up to 200 affiliate finance locations located around the world. SunGard’s eTreasury will operate on Philip Morris’ corporate Intranet to provide real-time cash and foreign exchange forecasting / management tools, in-house banking functionality and global financial risk management.