At this year’s Global Corporate Treasury and Finance Awards, hosted by gtnews, a special Judge’s Choice Award honoured an ambitious project by Rolls-Royce, it has been announced.
The project, which aimed to leverage the company’s high credit rating in order to provide suppliers with access to funding at fine rates, was run in collaboration with Citi. Rolls-Royce was also the winner of the Supply Chain/Trade Finance Award.
The Global Corporate Treasury and Finance Awards 2014 were held last night in Park Lane, London. The judging panel, headed by Oliver Eiss, Director- Corporate Development, GlaxoSmithKline, drew treasury professionals from a range of sectors and companies, including Bacardi, Honda Motors Europe, Ladbrokes, Merck KGaA and SABMiller.
The overall Global Treasury Award went to Texhong Textile Group for their liquidity management solution, whilst NASDAQ OMX received the Treasury Technology Award in recognition for innovative use of EMIR compliance and improved visibility tools to overhaul their clearinghouse process. The Awards for Cash Forecasting, Payments and Risk Management went to AIA, Siemens and TUI Travel respectively. The Funding the Organisation Award went to SAP, whilst Etihad Airways won the Financial Planning and Analysis Award, for fostering a culture of ownership across the organisation.
The Euro Banking Association marked the opening of its two-day flagship event in Milan with commentaries on two drivers of change within the payments industry.
Foreign exchange and shifts in politics are the most important areas of treasury risk for treasurers, according to original research by GTNews.
The partners are promoting the pilot as an opportunity “to test blockchain technology with minimal business process disruption and integration effort.”
The Fintech Innovation Awards recognise the best achievements and most innovative teams and individuals in their fields in the last 12 months.