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Achieving Treasury Vision 2010 at Bucher Industries
In 2007 Bucher developed its Treasury Vision, aiming to create a highly-automated operation including selecting and implementing a new TMS to replace its current combination of automated and manual processes. After consideration of various systems IT2 was selected as the new TMS and was implemented on a modular basis – first cash management then accounting. The article describes the various challenges met along the way to straight-through processing and the successful outcome with gains not only to the back office but elsewhere in the company.