Shortlist for the 2012 gtnews Awards for Global Corporate Treasury Unveiled

gtnews has announced the shortlist for the Awards for Global Corporate Treasury 2012, sponsored by Bank of America Merrill Lynch.

The Awards, which will be held on 24 May at the Sofitel Grand Hotel in Amsterdam, recognise the treasurers and teams who have done the most to contribute to the success of their organisation, wherever they are in the world. Now in its third year, the event has a hard-earned reputation for authority and independence. The judging panel consists of working treasury professionals from Tiffany’s, AkzoNobel, General Mills and Etihad, among other corporates, who are willing to use their real-world expertise to ensure that the very best examples of great corporate treasury work are rewarded.

The 2012 Awards are bigger and better in every way. We’ve added more categories and more judges so every entry can be assessed in detail by working treasury professionals with specialist expertise. At a time when treasury departments are coming under pressure to do more with less, the need for best practice examples to be highlighted and celebrated has never been greater.

In total, 76 entries from 57 different corporate treasury departments were received in 2012 spanning 11 different categories. The shortlisted entries represent a revealing cross-section of all that is best in the world of treasury at this time and show how corporations are coping with the pressures of an ever-more globalised marketplace, economic recession and debt fears in parts of the eurozone, allied to tight credit conditions and a raft of new regulatory compliance demands.

The winners in each of the 11 categories will only be revealed on the night of 24 May at an exclusive awards ceremony, which will follow on from the gtnews Forum for Global Corporate Treasury, a two-day conference that will examine the key topics, trends and challenges facing treasurers at present, with speakers from the European Central Bank and European Payments Council addressing issues such as the single euro payments area and the eurozone crisis.

The 2012 Awards shortlist is as follows:

Cash Flow Forecasting Project of the Year

  • Carlsberg – Liquidity Management Project.
  • Merck – Global Restructuring of Cash Management Processes.
  • UPS – Overcoming Data Aggravation.

FX Project of the Year

  • Cognizant Treasury – FX Hedge Programme.
  • SABMiller – Project Griffin: European Treasury Centre Implementation.
  • Thai Airways – Comprehensive FX and Cash Management Solution.

Risk Management Project of the Year

  • Toyota Financial Services – A Sovereign Risk Protected Liquidity Solution.
  • Aeroflot – Implementation of SAP in Transportation Industry Treasury.
  • Henkel – Global Bank Account Visibility.

Shared Services/Payment Factories Project of the Year

  • AB Sciex – Readiness Project.
  • Philips Electronics – Next Generation Philips Payment Factory.
  • Dassault Systemes – Treasury Using XML to Become a Key Support Finance Partner.

Supply Chain/Trade Finance Project of the Year

  • Foxconn Technology Group – Supply Chain Finance Programme.
  • Merck – Global Guarantee Management.
  • Stanley Black & Decker – Supply Chain Finance EMEA Expansion.

SWIFT Implementtion Project of the Year

  • GE – Eco-imagination at Work: Receiving and Warehousing E-statements.
  • Johnson Controls – SWIFTNet (TRAX) Implementation in Asia Pacific/Middle East.
  • eBay – SWIFT Implementation.

Treasury Team of the Year

  • Belron – Treasury Evolution.
  • QinetiQ – Delivering Best-in-class Treasury Services Undertaking.
  • Live Nation – Integrated Global Cash and Risk Management Platform.

Treasury Technology Implementation Project of the Year(Note: Four entries have been shortlisted in this category due to the volume and quality of the entries and a tie in the scoring)

  • Google – Safaricom / M-Pesa Payments Project.
  • Philips Electronics – Next Generation Philips Payment Factory.
  • Celio International – Realising Celio’s Treasury Dream.
  • Toyota Motor Credit Corporation – Transforming to a Daily Collateral Exchange.

Working Capital Project of the Year

  • Lehigh Hanson – E-payables Programme.
  • Roche – Global Commercial Card Project.
  • Microsoft – Taking Liquidity Structures to a Whole New Level.

Voting for the Corporate Treasurer of the Year – Readers’ Choice Award remains open on the gtnews homepage until 20 April. Please vote here.

In addition, a Gold Award will be presented to the overall winner on the night. This recognises the entry that the judging panel scored the most highly across all of the categories.

Many congratulations to all the shortlisted finalists at the gtnews Awards for Global Corporate Treasury 2012, sponsored by Bank of America Merrill Lynch. Every entry that has been shortlisted has demonstrated excellence and best practice in their specialist field. The winners in each category will be announced at the prestigious awards ceremony on 24 May at the Sofitel Grand Hotel in Amsterdam. For more information about how to join the evening’s festivities please click here.


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