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Cashing in on Technology

Middle-market companies like Biomet, SFN and CareerBuilder are back on the hunt for proven high-end tools.

By Richard Gamble | Updated on February 01, 2011

The midsize and large corporate markets are diverging again after years of pursuing similar agendas, thanks to the spread of sophisticated software that became increasingly cheap and accessible through ASP and SaaS delivery. While leading multinationals push the envelope with ISO 20022 XML projects, various SWIFT initiatives and electronic bank account management, their middle-market colleagues opt for proven solutions they think can quickly save them time and money.

As the economic storm passes, middle-market treasuries “are back in business, looking for ways to cash in on technology and automation,” notes Bridgit Chayt, executive vice president for treasury management services at Comerica Bank. “They’re thinking ahead, but they are very pragmatic, looking for projects with a quick, measurable return on investment.” That thinking certainly permeates SFN Group.

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