Agilent Implements Richmond Software's Global Odyssey System
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.