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AFP 2019 Blog

AFP 2018 Pinnacle Finalist: OpenText

Nov 20, 2018

In an interview at AFP 2018, John Burkhead, CCM, Senior Director of Global Treasury for OpenText, discusses his organization's Pinnacle Award-winning solution. Sponsored by MUFG the Pinnacle Awards were established in 1997 and recognize excellence in treasury and finance. OpenText’s submission centered on treasury management.

The company has grown rapidly through acquisitions, leading to more than 400 bank accounts in over 120 banks—many not fully integrated into the global treasury center. Moreover, manual processes dominated. In response, the treasury team launched a process that automated payments, statements and cash management; rationalized banks and accounts; and created a global cross-currency pooling structure to improve liquidity management.

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