Treasury Today Country Profiles in association with Citi

Award Caterogies

2017 award categories

Last year’s winners
Treasury Today’s Top Treasury Team 2017

Open to any corporate team that has made an outstanding contribution to its organisation, this award recognises those who have made the world of corporate treasury that much better. This could be purely the treasury team or a broader team effort involving different disciplines within a company.

Best Cash Management Solution
 

Any solution which demonstrates how the company manages its cash is eligible. It could be a simple single country/single currency/single bank solution or multi-country/multi-currency/multi-bank solution. It might simply improve your cash visibility; show how a hybrid/virtual account structure has been implemented; involve complex cash pooling structures or support a full regional treasury centre, shared service centre or in-house bank structure. All are valid in this category. Perhaps you manage a region(s) from another part of the world. Tell us how you achieve this.

Best Cash Flow
Forecasting Solution

Whilst we appreciate cash flow forecasting is a key element of a company’s cash management process and could easily qualify under that category, due to the prominence of this important function we have decided to establish a new and separate category this year. Any solution which demonstrates how you have addressed your cash flow forecasting challenges and improved your forecast versus actual metrics will qualify so please tell us how this has been achieved.

Best WCM, AP/AR Solution

Efficient working capital is a key challenge for companies of all shapes and sizes. What have you done to improve your key performance indicators of DPO, DSO, DIO and/or DWC? Have you improved your cash conversion cycle (CCC)? Tell us how this has been achieved. Perhaps you have taken the step from STP to STR, automating the reconciliations process? Have you embraced SEPA to streamline your AR/AP or perhaps you have implemented a POBO/ROBO/COBO structure? Tell us how.

Best Card Solution

No longer just a piece of plastic, corporate cards have become an integral part of the cash management set-up. Have you implemented a new card programme to achieve increased control and/or visibility? The winning solution could cover any aspect of corporate cards from improving the richness of procurement data to minimising the risk of fraud.

Best Trade/Supply Chain
Finance Solution

This is a new category which combines trade and supply chain finance to acknowledge the special relationship between buyer and seller. Any solution which addresses the supply chain, either financial or physical, qualifies here. Perhaps you are looking at reverse supply chain. Have you embraced the new Bolero electronic documentation? Have you implemented a smart solution involving letters of credit, guarantees or do you practice open account trading? Have you opened a new trade corridor in an emerging market or perhaps you implemented essDOCS paperless trade solution and/or have implemented a supply chain finance solution? Tell us your trade story.

Best Funding Solution
 

Many corporates are exploring alternative sources of funding and diversifying their funding sources. With credit still squeezed, corporate bonds have made a comeback in recent months. Has your company issued commercial paper or bonds? Perhaps you have looked at securitisation, IPOs, crowd funding, peer-to-peer or the private placement market? Whether a single transaction or as part of a company’s overall debt strategy, this category is open to all types of funding.

Best Risk Management Solution
 

Risk continues to be top of every treasurer’s agenda; the winning solution could relate to any aspect of risk which arises in the corporate treasury arena. Have you changed the way you control foreign exchange risk, counterparty risk, commodity risk, interest rate risk or your supply chain risk? Have the recent currency volatilities opened your eyes to new risk management concerns or are you rethinking your hedging strategy? Are you monitoring new risks such as sovereign risk, employee risk or perhaps even reputational risk? How is the Brexit decision impacting the way you view risk and what are you doing to mitigate cyber-crime and fraud?

Harnessing the Power of Technology

Whilst we appreciate technology will inevitably be a key component in many of the submissions entered in other categories, we include this category in its own right to capture any treasury technology solution which is helping you run your treasury. Have you re-engineered your processes? Cloud computing and big data are just two emerging trends; entries here could be from a simple in-house developed spreadsheet solution to a full blown TMS/ERP project. Perhaps technology is helping you to comply with the ever-increasing regulatory, security, cyber-crime and/or fraud demands on your organisation. We are hearing much more about fintech solutions, bitcoin and blockchain – have you embraced any of these? Tell us your treasury technology stories.

Best in Class Treasury Solution in the Middle East

Any treasury, cash/liquidity management, trade, finance, FX, risk and/or technology solution implemented, or in the process of being implemented, in the Middle East will qualify.

Best in Class Treasury Solution
in Africa

Given the particular challenges when operating on this continent, any treasury, cash/liquidity management, trade, finance, FX, risk and/or treasury technology solution specifically implemented, or in the process of being implemented, in Africa will qualify.

Treasury Today
Woman of the Year 2017

Open to any woman operating in the corporate treasury environment who can demonstrate real innovation, achievement and someone who is a real inspiration in her current role. Do you know someone in treasury who is a role model to other women? Someone who has overcome real adversity? Who may have had a career changing experience? Who has helped others? Someone who may have demonstrated real innovation? What have they achieved? Why do they stand out? You might be our Woman of the Year or you might want to nominate someone else. You can attach or submit by email any material supporting your nomination.

Best Liquidity Management/
Short-term Investing Solution

This category is included to capture best in class liquidity solutions such as cash pooling structures. The solution can be single country/single currency or multi-country/multi-currency. Short-term investing is also included providing an opportunity to show how your company has optimised and/or diversified its short-term investments. How have you addressed the trade-off between yield, liquidity and counterparty risk? Have you explored alternative investment vehicles? How have you overcome the low/negative interest rate environment? How have you addressed CNAV and VNAV in the world of money market funds? Tell us your story.

First Class Relationship Management

This category incorporates any relationship (internal as well as external) managed by the treasury function, such as investor relations, employee relations, ratings agencies, procurement etc., in addition to your core bank(s)/other service provider(s) relationships. The recent economic turmoil has certainly focused the attention on relationships. Perhaps you have introduced a new RFP/bank selection process or had to innovate to maintain credit lines? Are you looking at bank charges, bank account analysis, managing mandates, using digital signatures or eBAM perhaps? Do you benchmark your bank(s) or have you had to change how the treasury function interfaces with procurement or taken a fresh look at investor relations. Tell us your story.

Best Foreign Exchange Solution
 

This category includes any solution implemented, or in the process of being implemented, which addresses foreign exchange. It could be a single transaction, suite of transactions or a complete change in FX strategy or policy, a hedging programme, use of specific instrument(s) or a new FX requirement as a result of entering a new market or dealing with a new client/supplier. Have you entered the emerging markets and, if so, how have you dealt with the recent currency volatilities encountered?

Best SWIFT Solution

This was introduced last year and recognises any solution implemented, or in the process of being implemented, where SWIFT is the primary enabler. It could involve the use of any message type and/or SWIFT access method such as the MA-CUG, SCORE, Alliance Lite, third party bureau, Trade Services Utility (TSU) or 3SKey. Perhaps you have embraced the newer message types such as ACMT (Account Management), CAMT (Cash Management) and/or PAIN (Payments Initiation) – tell us your SWIFT story.

One to Watch

This category includes any solution which is in the pipeline, has been implemented as a direct result of macroeconomic events or is a project which demonstrates innovation which does not easily fit another category. Tell us why your submission is one that we should be watching.

A Rising Star

This category recognises young talent coming through the treasury ranks. Have you excelled in a professional qualification? Are you a junior within treasury and people are already seeing your potential? Are you a future Finance Director or CFO? Nominate yourself or someone you think fits this category.