Case Study: State of Alaska achieves more robust cash management with GTreasury

State of Alaska automates 98% of cash flows with GTreasury

The State of Alaska faced a significant challenge with its outdated, DOS-based treasury workstation, which lacked robust disaster recovery capabilities and portability, posing a severe operational and financial risk. After a rigorous procurement process, the state selected GTreasury (referred to as Ripple Treasury in the text) to implement a new cash management workstation solution to modernize its operations and ensure continuity.

GTreasury implemented a solution that standardized cash management processes, automating the assignment of general ledger codes for 98% of daily cash flows. The implementation, which included building a custom workaround for cash ledger functionality, resulted in a robust technology infrastructure. The state now confidently manages $1-2 billion in daily cash volume with improved control and is secured against operational risks, ensuring the reliability of its payroll, vendor payments, and investment management.

State of Alaska