Case Study: State of Alaska achieves automated, resilient cash management with GTreasury

Automating Cash Management At The State of Alaska

The State of Alaska’s treasury, which manages a cash‑rich portfolio (more than US$12bn in general funds and roughly US$49bn in total assets) and processes about US$1–2bn in daily cash flows, needed to replace a decade‑old DOS/Windows treasury workstation that lacked portability and robust disaster‑recovery. After an RFP process seeking an ASP‑based cash management/treasury workstation, the State selected GTreasury to deliver a modern, relocatable solution that could meet the state’s strict procurement and operational requirements.

GTreasury implemented its treasury workstation (projected for 3 months, completed in 9) and worked with the State to resolve key issues—most notably cash‑ledger functionality—by building SSRS‑based workarounds, automating starting‑balance updates, establishing an annual cash‑ledger cut‑off process, and creating reports to fix data‑extract gaps. The GTreasury solution now supports three‑way reconciliations across ~150 bank accounts, standardizes processes, and automates GL mapping for about 98% of cash flows (handling roughly 400–500 movements per day), materially improving control, efficiency and operational continuity.

State of Alaksa

Michelle Prebula

Cash Manager