About the Customer
The Massachusetts Bay Transportation Authority (abbreviated MBTA and known colloquially as "the T") is the public agency responsible for operating most public transportation services in Greater Boston, Massachusetts. Metropolitan Transit Authority was replaced in 1964 with the present-day MBTA, which was established as an individual department within the Commonwealth of Massachusetts before becoming a division of the Massachusetts Department of Transportation(MassDOT) in 2009.
Scope and Challenges
Outcome and Implications
MBTA will be creating a centralized, straight-through process to better manage and forecast cash on hand, track investments and debt, and initiate payments, automatically.
"We want to move away from spreadsheets to a single system that aggregates all of our information in one place”
“With Reval, we found the platform we needed, but also the right partner to help us smoothly transition from manual processes to automated, straight-through processing of our treasury functions.” - said Paul Brandley, Treasurer at the MBTA.
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