Bank of America wins North America’s best cash management deal for its work with Fortive Corporation, delivering a complex treasury transformation that enabled the successful separation of Fortive’s precision technologies business into the independent company Ralliant. The client required a complete carve-out of banking, liquidity, connectivity and treasury infrastructure across multiple regions, all within a fixed spin-off timetable.
The solution involved designing and implementing new global liquidity structures across EMEA, APAC and the Americas, alongside extensive account rationalisation, new account openings, upgraded connectivity, payments, payroll and reporting capabilities.
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