The Awards for Global Corporate Treasury and Finance

The gtnews Awards for Global Corporate Treasury and Finance celebrate best practices and industry-leading projects from companies around the world.

Now in its fourth year, the Awards have a hard-earned reputation for authority and independence. A judging panel of executive-level treasury and finance practitioners ensure the very best examples of great corporate treasury work are rewarded.

Past winners include:

AkzoNobel
Belden
Brocade
Caterpillar
Etihad
General Electric
General Mills
Kellogg

Merck KGaA
Microsoft
Omnicom Group
Philips Electronics
QinetiQ
SABMiller
Toyota Financial Services
UPS

For more information please contact Ian Fendick, +44 (0)20 7462 9011 or ianf@gtnews.com.

The Awards submissions window is now closed. Judging will begin 22 May and finalists will be announced 9 June.

2013 Awards' Timeline

14 May - Submission Deadline

22 May - Judging Commences

20 June - Finalists Announced

9 July - Winners Announced

gtnews Awards Winners Book 2012

The gtnews Awards for Global Corporate Treasury, sponsored by BofA Merrill, recognise the treasurers and teams who have done the most to contribute to the success of their organisation, wherever they are in the world. Click here to download the gtnews Awards Winners Book 2012, containing all of the winning entry case studies.

Case Study: UPS Overcomes Data Aggravation, Integrates SWIFT to Improve Cash Flow Forecasting - 2 Jul 2012

This case study, which won the Cash Flow Forecasting category at the gtnews Awards 2012, explains how United Parcel Service (UPS) implemented a global SWIFT bank balance initiative, allowing it to obtain better daily visibility into its bank balances across 1,600 accounts around the world and to cut the overall number and save US$25m. By integrating SWIFT capabilities with its global cash flow forecasting platform, UPS has achieved significant results. The case study is shared here to provide an overview of cross-border cash flow forecasting and in order to encourage best practice among treasuries.

Case Study: SABMiller’s European Treasury Centre Implementation Improves FX - 9 Jul 2012

This case study, which won the Foreign Exchange (FX) Project of the Year category at the gtnews Awards 2012, explains how Project Griffin at SABMiller built a European treasury centre in the UK to provide efficiencies and standardisation. The project has enhanced control and reduced risk across the board at the brewer, in addition to generating substantial savings and transparent workflow optimisation in FX pricing, cash and exposure forecasting. The case study is shared here to provide an overview of effective FX operations and in order to encourage best practice among treasuries.

Case Study: Toyota Financial Services' Approach Towards Managing Brazilian Sovereign Risk - 24 May 2012

This article examines Toyota Financial Services' evolution of managing sovereign risk in Brazil to support its intercompany lending activities. It details how the division found a special form of insurance known as political risk insurance (PRI) to be the most successful choice to suit its needs. The case study is shared here to provide an overview of sovereign risk procedures and to encourage best practice among treasuries.

Case Study: Next Generation Philips Payment Factory (NGPPF) - 23 Jul 2012

This case study, which won the Shared Service/Payment Factories Project of the Year category at the gtnews Awards for Global Corporate Treasury 2012, explains how Philips Electronics successfully completed the centralisation of all its global cash management and payments processing for 25 countries and 15 currencies. The Next Generation Philips Payment Factory (NGPPF) gives the firm greater control over the group bank infrastructure and payments. It enables treasury to advise local affiliates on efficient working capital management, while improving trade credit management and cash flow forecasting. The case study is shared here to provide an overview of payment factories and to encourage best practice among treasuries.

Case Study: Merck KGaA Global Guarantee Management – L/C Management - 16 Jul 2012

This case study, which won the Supply Chain/Trade Finance Project of the Year and the overall Gold Award for the highest scoring entry across of the all categories at the gtnews Awards 2012, explains how a small treasury team at Merck KGaA introduced a single global, consolidated bank guarantee facility worth €150m. Valid for all 250 subsidiaries, the system uses a single procedure and bank platform to minimise letter of credit (L/C) errors and has automated reconciliation and fee management, cutting the required documents from 575 to five, banks from 103 to just one, and time taken to issue a guarantee from two weeks to a day.

Case Study: How GE Receives and Warehouses E-statement Information Across Multiple Banks - 13 Aug 2012

This case study, which won the SWIFT Implementation Project of the Year at the gtnews Awards 2012, explains how GE solved the problem of accessing and retaining bank account statement information for 14,000 accounts, across more than 100 banking relationships and 98 countries, by working with SWIFT. The electronic statement (e-statement) project will save GE US$1.7m and has eliminated the need to store paper documents. Crucially, it also enhances process efficiencies. It is shared here as an overview of how SWIFT can help introduce multibank capabilities to treasuries, and in order to encourage best practice.

Case Study: Microsoft Takes its Liquidity Structure to a Whole New Level - 30 Jul 2012

This case study, which won the Working Capital Project of the Year at the gtnews Awards 2012, explains how Microsoft introduced a completely automated international zero balance account (ZBA) structure into its global liquidity management function. The initiative has streamlined the cash concentration for hundreds of bank accounts and created a just-in-time funding model for subsidiary operating accounts. It is shared here as an overview of effective working capital management procedures and in order to encourage best practice among treasuries.

Case Study: Toyota Financial Services’ Transformation to Support Daily Collateral Exchange - 25 Jun 2012

This case study, which won the Treasury Technology category at the gtnews Awards 2012, explains how Toyota Financial Services (TFS) mitigated risk from its derivatives trading arena with a new system and business practice designed to cut credit risk exposures, reduce operational risk and be ready for new post-crash regulations. It is shared here to provide an overview of the new derivatives procedures in place at TFS and the oversight technologies used, and in order to encourage best practice among treasuries.

Case Study: Delivering Treasury Services with QinetiQ’s Winning Team - 6 Aug 2012

This case study, which won the Treasury Team of the Year category at the gtnews Awards 2012, explains how the treasury team of five people at QinetiQ managed to achieve a fast turnaround strategy, cutting debt by almost £400m during a tough economic environment when defence spending was contracting. The team improved billing milestones on projects, releasing more than £100m in working capital; undertook three IT improvement projects; held dividends; negotiated a new £275m credit facility; and sold some non-core businesses, among other measures, to dramatically improve QinetiQ’s financial position at the start of this year. The case study is shared here as an overview of effective team performance and in order to encourage best practice among treasuries.

The Awards for Global Corporate Treasury and Finance

sponsors