"A web-based treasury platform has many advantages over traditional systems, especially for companies with globally decentralized operations," said Unocal assistant treasurer Dick Walton. "The fact that we will be able access the system 'anytime, anywhere' will give us great flexibility in our treasury management." Walton is also attracted to the benefits of the system from a business continuity perspective. "One of our principal goals is to mitigate risk in our critical business applications - a web product such as Treasura simplifies and eliminates business interruption events in many instances. We are confident that a web product will provide the assurance we require in our dynamic and complex business atmosphere."
The Treasura pilot is proof of Selkirk's commitment to product improvement and its clients. "With all the talk about partnering, it is refreshing to find someone willing to step up and demonstrate its commitment to its clients. The Treasura pilot is a concrete example of how Selkirk leverages client involvement and input in their product evolution and direction," said Walton. "I have been looking for a web-based system like Treasura and am anxious to see it in production. Selkirk has always valued Unocal as an organization and continues to proactively pursue our needs and desires."
Because Treasura is a fully-hosted Internet application, there is no new software to install and no new demands on IT resources or infrastructure. Organizations save money by streamlining processes and minimizing human error, while making money through better financing decisions and improved allocation of human resources.