Microsoft and Treasury

Love the stats in this brief article.

http://www.treasuryandrisk.com/2012/10/15/microsoft-wins-aha-gold-in-working-capital?t=corporate-finance&ref=hp

“Microsoft takes great pride in running a centralized treasury for its more than 350 legal entities in 118 countries, which have over 1,100 bank accounts at more than 100 banks worldwide. Unlike many companies that forecast operating expenses by regional operating centers, the $70 billion technology company requires its more than 200 subsidiaries to forecast anticipated expenses every month. The result: net variances—forecast to reality—of 20% to 30%”