Top Treasury Team Asia 2014 Highly Commended: Hewlett-Packard Asia Pacific
Published: Jan 2015
Photo of Sharon Wong, Lim Siew Cheng, Loh Kuai Yee, Ma Buccellato, Lim Tan Lee, and Treasury Associate Fatheen Nabeelah Abu Bakar are collecting the Award alongside banking partner Lillian Sim of J.P. Morgan.
Joseph Lee
Treasury Director, Asia Pacific and Africa
Hewlett-Packard is a US$112 billion technology company that operates in more than 170 countries around the world. HP explores how technology and services can help people and companies address their problems and challenges, and realise their possibilities, aspirations and dreams.
in partnership with
The treasury team at Hewlett-Packard used a multi-faceted approach to address risk management, regulation and governance while vastly enhancing efficiency and corporate profitability.
The challenge:
HP’s vision for treasury is to enable the business to gain a competitive advantage by using finance to identify new opportunities where the business can work smarter, penetrate new customer segments, and offer new financing solutions to increase sales.
Best practice and innovation:
The treasury team has continuously transformed treasury so that it fully embodies a philosophy of doing far more with far less, whilst positioning treasury strongly for the future.
Our judging panel agreed the outstanding achievements, best practices developed by the treasury team, and the quantitative improvements as a result of these initiatives, clearly demonstrate why HP’s success story is worthy of highly commended recognition in the Top Treasury Team Asia category.
Key benefits:
This is a Regional – Asia Pacific and Africa programme which has delivered the following benefits:
Reduction in bank charges.
Cost savings.
Time taken to implement solution and realise the benefits.
Process efficiencies.
Improvements in the cash conversion cycle.
Interest savings.
Foreign exchange gains.
The Adam Smith Awards Asia is the industry benchmark for best practice and innovation in corporate treasury. To find out more please visit treasurytoday.com/adam-smith-awards-asia
