Bombardier Selects XRT for Global Treasury Process Automation
Bombardier, a manufacturer of transportation solutions, has selected XRT to automate and streamline its North American treasury operations. The company operates on five continents, predominately in North America and Europe. Bombardier maintains two treasury offices, one at its headquarters in Montreal, Canada and one in Zurich, Switzerland. The Montreal office manages the global exposure of risk and is responsible for treasury operations in the Americas while Zurich services Bombardier’s treasury operations elsewhere in the world. The Zurich office has been using XRT to automate its treasury operations since 2001. The Montreal team manages the global cash position, as well as investments of more than $100m a day. Bombardier expects XRT will allow its Americas treasury operation to obtain more timely information, allowing them to manage working capital assets better.