Citi Implements TreasuryVision For Johnson Controls
Johnson Controls has implemented Citi’s TreasuryVision in Asia-Pacific. Under the agreement, Citi has mapped Johnson Controls’ entire organisational hierarchy onto the solution, which is a web-based service designed to increase visibility and control by allowing treasury organisations to view their overall positions and forecasts. Johnson Controls can now align its cash accounts, analyse data relating to cash management and aggregate bank information in 68 countries, over 300 legal entities and across 1,200-plus accounts. The company hopes that its regional treasuries in Asia-Pacific, Europe and the Americas can now receive close to full visibility of cash balances globally through a single window, which monitors cash positions, evaluates currency risk and manages bank exposures and compliance with internal treasury policies. Prior to implementation of the solution, Johnson Controls managed its cash balances and banking relationships through a combination of manual inputs and multiple e-banking platforms.