When Technology Excellence Drives People and Process Improvements

HCSC deployed a new treasury workstation and integrated it with the company’s forecasting solution, accounting software, platform for initiating wire and ACH transactions, and investment systems. This first phase of technology transformation resulted in much more effective cash management. “We soon were able to make more aggressive decisions, and we reduced idle Tier 1 cash by 90 percent,” says David Deranek, director of enterprise treasury operations.