Plans to drive efficiencies in shared services operations
Santa Clara, CA — November 30, 2004 — Textron, a $10 billion multi-industry company with businesses spanning aircraft, industrial and finance segments, said today it has selected Emagia Corp.'s Cash Inflow Manager Hosted Solution to enable its shared services operations to streamline receivables management.
Textron's internal shared services organizations were created to address business needs across the enterprise for a fraction of the cost and with greater speed and efficiencies than traditional decentralized models.
Emagia Cash Inflow Manager Hosted Solution was selected to gain real-time visibility into cash flow and to automate cash flow processes such as receivables management.
Textron's shared services centers were established to support multiple business units within the company. With Emagia's consolidated cash flow management platform, Textron will have a single pane of visibility into business units that have different back-end financial systems.