Bombardier Selects XRT for Global Treasury Process Automation

King Of Prussia, Pa., Sept. 26, 2005 - Bombardier Inc., a world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, has selected XRT to automate and streamline its North American treasury operations. The company operates on five continents, predominately in North America and Europe.

Bombardier maintains two treasury offices, one at its headquarters in Montreal, Canada and one in Zurich, Switzerland. The Montreal office manages the global exposure of risk and is responsible for treasury operations in the Americas while Zurich services Bombardier's treasury operations elsewhere in the world. The Zurich office has been using XRT to automate its treasury operations since 2001.

The Montreal team manages the global cash position, as well as investments of more than $100 million a day. Bombardier expects XRT will allow its Americas treasury operation to obtain more timely information, allowing them to manage working capital assets better.

The XRT solution will enhance the preparation of consolidated cash position statements and will allow Bombardier to automatically link information from external partners to its corporate accounting system. As a result, the company expects to be able to eliminate a number of processes and enable significant efficiency gains.

"We chose XRT because we have seen the great success that our European counterpart has had with the solution," said Debra Hinds, director, administration and control, Bombardier treasury. "We believe that XRT will give us the best technology to streamline our processes and to align ourselves with our company's other treasury operations."

"We are extremely pleased that Bombardier chose XRT to meet its global treasury automation requirements," said John Alarcon, general manager of XRT's North American operations. "Our team looks forward to working with Bombardier to improve workflow and manage its working capital more effectively. We welcome the addition of Bombardier's Montreal office to our global group of XRT customers."

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