EuroFinance Treasury Excellence Awards
The annual EuroFinance Awards are the benchmark for treasury excellence, backed by the strict editorial independence standards of The Economist Group, and the winners are invited to provide their detailed case studies at our annual flagship conference, being held this year in Copenhagen between the 16th and 18th of October.
Watch this space for details of our 2020 awards – and start preparing your entries now.
Overall award: Mastering strategic change
Winner: Microsoft
This award reflects the software giant’s harvesting of a 15-year journey towards a digital treasury, harnessing technologies such as machine learning, artificial intelligence (AI) and robotic process automation (RPA). | Runner-up: Intrado
This US-based global-provider of cloud-based technology communications solutions and services has transformed its global treasury operation. In 18 months, the treasury team has consolidated bank accounts and banking partners combined with implementing technology and multi-country multi-currency cash pooling, all while supporting strategic change within the company. |
Treasury management & process transformation award
Joint winner: Pearson
By taking advantage of emerging technology, Pearson reengineered all its treasury processes and took on the role of a full-service in-house bank. | Joint winner: Coca-Cola Co.
This global beverage company broke new ground in one of the key treasury disciplines – cash forecasting. It takes a rigorously bottom-up approach, in contrast to the top-down firm-wide view that many peers settle for. |
Digital transformation & technology implementation award
Winner: Wärtsilä
With millions of transactions automated, hundreds of thousands of human hours saved and more than €5m avoided in development costs alone, this engineering firm’s use of Robotic Process Automation (RPA) in treasury and its shared service centre (SCC) is striking in its approach, scale and impact. | Runner-up: ABB
A high-profile compliance failure kick-started a major digital treasury transformation project. The company devised a three-pronged approach to standardise treasury processes, centralise treasury-related data and design a digital treasury platform. |
Innovation in risk & financing award
Winner: Asahi Group
Following a series of acquisitions, the brewing company began exploring a global expansion of the company’s supply chain finance programme in order to free up cash, continue expansion and pay down debt. |
Selection process
In 2019, we benefited from a strong and crowded field of candidates. Some corporates entered themselves for the awards, and others were nominated by their banking or software vendor partners.
In deciding the eventual winners, the EuroFinance editorial team focused on multiple criteria: how unique was the solution adopted by each treasury team? How much of a challenge had been overcome? What were the ultimate benefits of the solution and could they be quantified? Was the solution of global relevance?
After an initial shortlisting, our team followed up with all of the entrants and spoke to them individually, allowing us to narrow down the list to the final winners and runners-up. It was a tough decision and we are grateful to all the corporates and their partners who participated.
Hear the full case studies, directly from the winning companies, at International Treasury Management
