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The Whole is Greater...

Textron partnered with FXpress which partnered with Bancbridge and so on down the line to integrate best-of-breed technology into a state-of-the-art treasury system.

By Richard Gamble | Updated on September 02, 2008

Treasury innovator Textron Inc. found its automation solution by collaborating with a technology provider, FXpress, which in turn was collaborating with other technology providers. The result: an artful mosaic instead of a commercial package. The reward: a functional treasury system using best-of-breed components at a fraction of the cost of a conventional workstation.

“Textron is a perfect example of the new wave of connectivity,” says Donald Craddick, CEO of Westlake Village, Calif.-based BancBridge Software Systems Inc., which supplies one piece of Textron’s mosaic. “Bit by bit, corporate treasuries are waking up. We’ll have an exciting five to eight years as this technology catches on.”

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