Since its IPO, Alibaba has grown from a China-centric e-commerce company to a global MNC. This expansion has brought challenges for the Alibaba treasury team, which they have successfully addressed by building a next-generation cash management infrastructure and creating innovative new processes, products and services.
Despite the disruption to customer behaviour brought by the Covid-19 crisis, Pearson developed a consolidated forecasting process that has enabled it to speed up invoicing, accelerate £60m in cash flow and meet its 2020 targets.
An innovative approach to managing currency and interest rate exposure on a €6bn cross-border acquisition that might easily have failed wins Coca-Cola EuroPacific Partners (CCEP) the Risk management and resilience category in this year’s Treasury Excellence awards.
Emergency US government support has transformed the working capital picture for the country's defence sector giants, in contrast with non-defence sector manufacturers and those based in other countries