Case Study: Richardson Electronics achieves centralized global cash visibility and payments automation with GTreasury

Richardson Electronics’ Global Cash Management Project

Richardson Electronics, a 75‑year‑old US multinational distributor of electronic components with operations in more than 30 countries, needed better visibility and control of its global cash as it moved to Microsoft Dynamics CRM/ERP. A small treasury team relied on spreadsheets and basic banking software that lacked the functionality and transparency to support growing financial risk and a planned centralised payments model, so Richardson selected GTreasury to provide a modern treasury workstation and payments‑factory capabilities.

GTreasury implemented a hosted treasury workstation with ERP integration, host‑to‑host links to JP Morgan and Bank of America, multibank reporting, FX triangulation and automated payment execution; the project was delivered on time and on budget. The GTreasury solution now manages about 90 demand deposit accounts and 20 investment accounts (with a target to consolidate to ~45), provides centralised visibility and automated disbursements for US, Europe and EMEA, and—per Richardson’s projections—will deliver monthly cost savings through fewer accounts, lower transaction and audit costs, and reduced manual reconciliation.

Richardson Electronics

Michelle Perricone

CTP