Citigroup worked for months with Pepsico Inc. to develop its latest and most impressive stab at automated, real-time global liquidity management, TreasuryVision. But while Citi and Pepsi developed much of the process and methodology, which collects and consolidates worldwide account information, a small network communication services company, named Evare LLC, provided a key piece of technology that allowed Citi to tap into even the most far-flung or byzantine bank for information and make TreasuryVision a truly global tool.
Based in Burlington, Mass., Evare today bears little resemblance to the company formed in 1996 by a provider of accounting packages and desktop services serving state and local governments. When Evare discovered those governments needed help pulling together their various bank balances and reconciling them, it saw a broader opportunity in the corporate and financial services markets and moved in that direction.
REPACKAGED GOODS
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
