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Gold AHA Winner in Working Capital

Getting a Bead on Cash: Microsoft

Paul Weldon, record global process owner director; Jim Scurlock, senior manager, global cash planning; Michael Armstrong, group portfolio manager

Microsoft takes great pride in running a centralized treasury for its more than 350 legal entities in 118 countries, which have over 1,100 bank accounts at more than 100 banks worldwide. Unlike many companies that forecast operating expenses by regional operating centers, the $70 billion technology company requires its more than 200 subsidiaries to forecast anticipated expenses every month. The result: net variances—forecast to reality—of 20% to 30%.

With more than $1 billion in capital flowing through its system each day, the wide variances resulted in over-forecasting by hundreds of millions of dollars, exposing Microsoft to heightened counterparty, country and fraud risk. “That is a lot of money, and we were determined to identify the issues causing it,” says Jim Scurlock, senior manager of global cash planning at Microsoft.

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