Case Study: Microsoft achieves faster, more transparent FX processing with ION Treasury SWIFT solution

Partnering with ION Treasury helped this technology giant enhance reporting and controls

Microsoft, a global leader in software and solutions, faced a challenge with its legacy file transfer process, which prevented real-time updates and hindered straight-through processing for its FX trade operations. The company sought a low-cost, easy-to-implement solution to address these inefficiencies and turned to ION Treasury for its Reval solution.

ION Treasury implemented a SWIFT file format to streamline Microsoft's FX processes. This new system automated rate population, reduced manual steps, and accelerated the trade file messaging cycle from 20 minutes to under one minute. The project was delivered in under three months for less than $20,000, resulting in a ten-fold increase in speed, greater transparency, and a significant reduction in errors and manual labor.

Microsoft

Jennifer Chisholm

Treasury Manager