Treasury Today Country Profiles in association with Citi

Award Categories

2018 award categories

This year’s winners
Treasury Today’s Top Treasury Team 2018

Open to any corporate treasury team that has made an outstanding contribution to its organisation over the past 12-18 months. 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 across the enterprise.

Best Cash Management Solution

Any solution which demonstrates how the company manages/forecasts its cash is eligible. It could be a simple single country/single currency/single bank solution or a multi-country/multi-currency/multi-bank solution. It might simply improve your cash visibility/cash flow forecasting; show how a hybrid/virtual account structure has been implemented; involve complex cash pooling structures or support a full regional treasury centre (RTC), shared service centre (SSC) or in-house bank (IHB) 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 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 (KPIs) 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 straight through processing (STP) to straight through reconciliation (STR), automating the reconciliations process? Have you streamlined your AR/AP processes or perhaps you have implemented an ‘on-behalf-of’ (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 and/or improved your T&E management? The winning solution, including virtual cards, 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 category was introduced in 2017 and 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 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/SCF story.

Best Funding Solution

Many corporates are exploring alternative sources of funding and diversifying their funding sources. With credit squeezed, corporate bonds have made a comeback. 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, cyber risk or your supply chain risk? Does currency volatility open your eyes to new risk management concerns and are you rethinking your hedging strategy? Are you monitoring new risks such as sovereign risk, employee risk or perhaps even reputational risk? Is Brexit changing the way you view risk and what are you doing to mitigate 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 traditional treasury technology solutions which are helping you run your treasury. Have you re-engineered your processes where technology is the key enabler? Entries here could include 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 KYC, regulatory, security, cyber-crime and/or fraud demands on your organisation. Tell us your treasury technology stories.

Harnessing the Power of Emerging Technology

New for 2018, this category has been introduced specifically to capture the emerging technology solutions. We have heard much about the fintech revolution and artificial intelligence (AI), robotics, bitcoin, blockchain and distributed ledger technologies. Has your company moved beyond ‘proof of concept’ stage and is now using one of these emerging technology solutions? Tell us your story.

Best in Class Treasury Solution in the Middle East

Any treasury, cash/liquidity management, card, trade/SCF, WCM/AP/AR, funding, 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, card, trade/SCF, WCM/AP/AR, funding, FX, risk and/or technology solution implemented, or in the process of being implemented, in Africa will qualify.

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 and have you had to consider the new regulations in the world of money market funds? Do you use CNAV, VNAV funds or the recently introduced Low Volatility Net Asset Value (LVNAV) fund? 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 and procurement, in addition to your core bank(s)/other service provider(s) relationships. 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, KYC 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 your 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 currency and/or client/supplier. Have you entered new markets and, if so, how have you dealt with any currency volatility encountered?

Best SWIFT Solution

Introduced in 2016, this category 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.

Treasury Today Woman of the Year 2018

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.

A Rising Star

This category recognises talent coming through the corporate treasury ranks. Have you excelled in a professional qualification? Are you a future Finance Director or CFO? Whilst this category may fit a junior person, later arrivals to the world of corporate treasury are also invited to enter. Nominate yourself or someone you think fits this category.