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.
When it comes to corporate innovation, debates on technology and sponsoring commercial activities have a limited value threshold if it is not coupled with innovative actions, Omeed Mehrinfar, Plug & Play, told an audience of treasurers.
Using data for predictive analytics is the future of banking success, argued Jean-Laurent Bonnafé, CEO of BNP Paribas, in his session on how the bank is reinventing its approach to innovate with and for corporates.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.