Adam Smith Awards Yearbook 2016
2016 is the ninth anniversary of Treasury Today’s Adam Smith Awards and I am delighted to introduce this Yearbook containing this year’s impressive winning case studies. The programme goes from strength to strength and the judges this year faced yet another challenging task in selecting the winners. We received 219 nominations, slightly more than last year, spanning 19 different countries.
A number of the case studies which appear on the following pages will be presented in more detail in our popular Adam Smith Webinar Series which continues later this year and through 2017.
This year’s nominations saw several outstanding entries for the Top Treasury Team accolade, again demonstrating the multifaceted projects you have all been working on. Our Overall Winner and this years’ Top Treasury Team is the Etihad Airways’ treasury team based in Abu Dhabi in the UAE.
Perhaps unsurprisingly, the most popular category in which entries were submitted was Best Cash Management Solution with Best Working Capital Management/Accounts Payable/Accounts Receivable Solutions a close second. It is interesting to note that many submissions ticked the One to Watch category which is most encouraging going forward. Another trend worthy of note is the number of entries with references to external consultants being used – again, perhaps indicating the trend to employing external advice and guidance on projects.
Liquidity management projects, short-term investing solutions, payments and collections on behalf of (POBO/COBO) solutions and harnessing technology also feature prominently in the nominations received. It is also interesting to note some of the new technologies being investigated, particularly blockchain as evidenced by the Overall Winner in our One to Watch category this year.
There is some very impressive and innovative financing going on too with a green bond issuance, a Formosa bond offering and I would recommend you take a look at the Judges’ Choice case study which showcases a Diversity and Inclusion Bond Programme.
Fifty-seven percent of all entries received were global in their geographic reach, with many others being pan-regional in their scope.
All of us at Treasury Today wish to acknowledge your hard work, dedication and achievements and we applaud the many applicants who participated. We are already looking forward to our tenth anniversary with much expectation. Thank you.