Adam Smith Awards Asia 2021 podcast series

Episode 24: First Class Relationship Management

Duration: 13 minutes

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 the core bank and service provider relationships. Economic turmoil and the coronavirus pandemic have certainly focused minds on the value of relationships.

Overall Winner – Hologic. Their partner Bank of America speaks about their winning collaboration and solution.

Highly Commended Winner – QuEST Global. Their partner Citi speaks about their winning collaboration and solution.

Highly Commended Winner – Sinotruk Finance Co. Ltd, Zhen Huang, General Manager, in partnership with Standard Chartered.

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Episode 23: Treasury Today Asia’s Top Treasury Team 2021

Duration: 28 minutes

Our most prestigious and always fiercely-contested category, here we recognise any corporate treasury team that has made an outstanding contribution to its organisation over the past 12-18 months. This could be purely the treasury team, or a broader team effort involving many disciplines across the enterprise.

Overall Winner – Shell Treasury Centre East Pte Ltd, Teo Yian Ping, Regional Treasurer – Asia Pacific, in partnership with Standard Chartered and Citi.

Highly Commended Winner – Danone, Zurab Abutidze, Regional Treasury Director, in partnership with Citi and Kyriba.

Highly Commended Winner – General Electric, Manu Taneja, Executive – GE APAC Treasury, in partnership with Citi.

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Episode 22: Best AP/AR Solution

Duration: 27 minutes

Payments and receipts are key to any business. How do companies negotiate improved payment terms with their suppliers? We have seen an increase in the use of shared service centres and payment factories in recent years and Payment-on-Behalf-of (POBO) structures are a lot more common now. We also look at how companies manage their collections, including reconciliation and, as with payments, we are now seeing Collection-on-Behalf-of or COBO structures emerging.

Best AP/AR Solution Overall Winner – Watson Pharma Pvt Ltd, Vivek Saraf, Treasurer – India and China, in partnership with J.P. Morgan.

Best AP/AR Solution Highly Commended Winner – IDP Education India Pvt Ltd, Jaswinder Singh, Finance Controller, in partnership with HSBC.

Best AR Solution Highly Commended Winner – Coca-Cola Beverages Pakistan Ltd. Their partner Standard Chartered speaks about their winning collaboration and solution.

Best AP Solution Highly Commended Winner – PTT Global Chemical Public Company, Prapan Shotiyanantawong, VP Accounting Policy & Tax Strategy, in partnership with Standard Chartered.

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Episode 21: Best New Technology Solution

Duration: 22 minutes

This new category addresses the emergence of digitisation. We have heard much about the fintech revolution, open banking, artificial intelligence, big data analytics, robotics, APIs, blockchain and other distributed ledger technologies. We look at companies which have moved beyond the ‘proof of concept’ stage and are now using one or more of these emerging fintech/digital solutions.

Overall Winner – Alibaba Group, Randy Ou, Group Treasury VP, in partnership with Citi.

Highly Commended Winner – Satin Creditcare Network Ltd, HP Singh, Chairman & Managing Director, in partnership with HSBC.

Highly Commended Winner – Singapore Telecommunications Ltd (Singtel). Their partner Citi speaks about their winning collaboration and solution.

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Episode 20: Best Funding Solution

Duration: 15 minutes

Many corporates are exploring alternative sources of funding, diversifying and/or refinancing their funding sources. With an increase in M&A activity, we have seen many different types of funding submitted, whether a single transaction, or as part of a company’s overall debt strategy.

Overall Winner – Government of Malaysia. Their partner J.P. Morgan speaks about their winning collaboration and solution.

Highly Commended Winner – Qantas Airways Limited, Filip Kidon, Head of Investor Relations, in partnership with J.P. Morgan.

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Episode 19: Best ESG Solution

Duration: 9 minutes

This category looks across the range of the E, the S and the G. We focus on sustainable projects including the finance related to the mitigation of and/or adaptation to climate change/CO2 emissions as well as investment strategies which incorporate ESG/CSR factors and solutions which relate to the achievement of sustainability-linked KPIs.

Overall Winner – Inditex Group. Their partner DBS speaks about their winning collaboration and solution.

Highly Commended Winner – Avery Dennison, Leo Weng, Treasury Director Asia Pacific, in partnership with Bank of America.

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Episode 18: Best Foreign Exchange Solution

Duration: 9 minutes

This category looks at foreign exchange and solutions corporates are deploying to tackle the continuing challenges of currency volatility. From technology to new processes, change to a hedging strategy or a new FX requirement as a result of entering a new market or dealing with a new currency and/or client or supplier could drive the solutions here.

Overall Winner – Olam International Ltd., Amit Kansal, Vice President-Treasury and Head of Origination, Trade and Structured Finance and Shivram Ramakrishnan, Vice President-IT, in partnership with Fourth Signal.

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Episode 17: Best Working Capital Management Solution

Duration: 9 minutes

Efficient working capital is a key challenge for corporates of all shapes and sizes. This is all about improving key performance indicators (KPIs) of DPO, DSO, DIO, DWC and the cash conversion cycle.

Overall Winner – SAIC International Finance Ltd. Their partner Standard Chartered speaks about their winning collaboration and solution.

Highly Commended Winner – SRF Limited, Sugandha Singhal, Global Treasury Head, in partnership with Citi.

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Episode 16: Best Cash Management Solution

Duration: 20 minutes

Any solution which demonstrates how the company manages or forecasts its cash is recognised here. At the heart of treasury sits cash management and "Cash is King" is a frequently used phrase. This is therefore a consistently popular category amongst our nominees.

Overall Winner – Beigene, Cecilia Li, Head of Global Treasury, in partnership with J.P. Morgan.

Highly Commended Winner – Eaton Corporation, Wayne Ren, Head of APAC Treasury and Kathy Xie, APAC Treasury Manager, in partnership with Citi.

Highly Commended Winner – Brink's, Barrett Belair, Assistant Global Treasurer, in partnership with Bank of America.

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Episode 15: Best Trade Solution

Duration: 15 minutes

This category acknowledges the special relationship between buyer and seller. Letters of credit, guarantees and open account trading are common. We are now seeing much greater use of automation in traditionally paper-based processes. Blockchain is also seeing some traction in the trade space.

Overall Winner – Cummins Technologies India Pvt Ltd, Keirobium Dasan, ABO Treasury, in partnership with Bank of America.

Highly Commended Winner – Vale Malaysia Minerals, Vera Chin da Silva, Senior Manager, Trade Finance/International Accounts Receivable, in partnership with Standard Chartered.

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Episode 14: Best in Class Treasury Solution in India

Duration: 23 minutes

Treasury solutions implemented, or in the process of being implemented, in India are showcased here.

Overall Winner – Jörg Bermüller, VP, Group Treasury, Head of Cash and Risk Management – Merck KGaA, in partnership with Deutsche Bank.

Highly Commended Winner – Yiyong Wu, Group Treasury Head – Xiaomi Corporation, in partnership with Citi.

Highly Commended Winner – Jai Shukla, India Treasurer – ATC India, in partnership with J.P. Morgan.

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Episode 13: Best in Class Treasury Solution in the PRC

Duration: 12 minutes

Here we showcase treasury solutions implemented, or in the process of being implemented, in the PRC.

Overall Winner – Vitesco Technologies Holding China Co. Ltd., Jeremy Zhu, Head of Central Finance and Controlling, in partnership with J.P. Morgan.

Highly Commended Winner – Aihuishou International Company Ltd. Their partner Kyriba speaks about their winning solution and collaboration.

Highly Commended Winner – Starbucks. Their partner J.P. Morgan speaks about their winning solution and collaboration.

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Episode 12: Best Card/e-Cash Solution

Duration: 23 minutes

This is another new category in 2021 to not only encompass cards but to recognise the emerging cash replacement solutions such as e-cash, digital currencies (crypto-currency/bitcoin) and e-wallets. The winning solution, including virtual cards, could cover any aspect of corporate cards and how they are being used to improve the T&E processes.

Best e-Cash Solution Overall Winner – Deutsche Post DHL, Carola Schmitz-Becker, Vice President – Corporate Treasury, in partnership with Standard Chartered.

Best Card Solution Overall Winner – Agoda Company Pte Ltd, Ekkaphap Thengtrirat, Senior Banking Solutions Manager, in partnership with J.P. Morgan.

Best Card Solution Highly Commended Winner – Edelman Singapore Pte Ltd, Lionel Ang, Treasury Manager, in partnership with HSBC.

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Episode 11: Best Liquidity Solution

Duration: 15 minutes

Here we look at liquidity solutions such as cash pooling structures. Some are single country/single currency, single entity whilst some corporates have implemented multi-country/multi-currency/multi entity and even cross-currency arrangements which “follow the sun”.

Overall Winner – Goodyear, Jane Hua, Treasury – Global Cash Management, in partnership with J.P. Morgan.

Highly Commended Winner – Qualcomm, Matt Post, Assistant Treasurer, in partnership with Bank of America.

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Episode 10: Best Supply Chain Finance Solution

Duration: 23 minutes

Trading internationally can be challenging and the past 12 months or so have really shone the light on supply chains. The buyer/seller relationship has never been more important and we have seen a number of innovative solutions emerge from distributor finance, pre-shipment finance and receivables discounting to forfaiting, factoring and payables finance.

Overall Winner – Henkel, Sophie Yang, APAC Regional Treasurer, Asia Pacific, in partnership with Citi.

Highly Commended Winner – Syngenta Asia Pacific Pte Ltd, Lim, Mui Lai, Asia Pacific Treasurer, Lukas Krattinger, APAC Head of Financial Solutions and Business Development and Carlos Parra Santos, Global Finance Business Partner, Direct Procurement, in partnership with Citi.

Highly Commended Winner – Flipkart Group, Vipin Garg, Head of Treasury, in partnership with HSBC.

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Episode 9: Best in Class Treasury Solution in ASEAN

Duration: 21 minutes

A new category in 2021 and here we explore treasury solutions implemented, or in the process of being implemented, in any of the ten member countries that make up the ASEAN nations. This could be a single country solution or regional ASEAN solution.

Overall Winner – Goodyear, James Ho, Regional Cash Management Manager & Japan Treasurer, in partnership with Citi.

Highly Commended Winner – China Duty Free International. Their partner Bank of China (Hong Kong) speaks about their winning solution and collaboration.

Highly Commended Winner – Asahi Beverages, Michael Ewison, Group Treasurer.

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Episode 8: Harnessing the Power of Technology

Duration: 17 minutes

Technology is a key component in many of the submissions we receive and is always a hotly contested category. We see projects ranging from the use of APIs and RPA to full-blown treasury technology transformation involving TMS and ERP integration and much more.

Overall Winner – ByteDance. Their partner J.P. Morgan speaks about their winning solution and collaboration.

Highly Commended Winner – SF Holding. Their partner Bank of China (Hong Kong) speaks about their winning solution and collaboration.

Highly Commended Winner – Globe Telecom, Ma. Fatima Cinco, Director – Debt Management, Projects, Systems & Compliance, Treasury Division, in partnership with J.P. Morgan.

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Episode 7: Judges’ Choice

Duration: 7 minutes

This is awarded by our judges to recognise a project or solution that demonstrates something particularly special, outside of our defined categories. It could be something not seen previously or, as is the case this year, our judges were impressed with a ‘Smart Treasury’ solution having been developed entirely in-house.

Overall Winner – Flex, Yvione Zhou, Regional Treasury Director.

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Episode 6: Best SME/MME Treasury Solution

Duration: 7 minutes

You do not need to be a large, major multinational or conglomerate to qualify, as our new category Best SME/MME Treasury Solution illustrates perfectly. Many of the solutions we see being deployed by the larger organisations are now filtering down to the SME/MME sectors. For the purposes of this category a SME is defined as employing over 100 employees and an annual sales turnover of more than $100m and a MME is defined as employing over 250 employees and an annual sales turnover of more than $500m. Our winner this year employs over 250 with an annual sales turnover of more than $500m in China.

Overall Winner – Cell Signaling Technology, Jane Zhao, Director of Finance, in partnership with Bank of America.

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Episode 5: Best Risk Management Solution

Duration: 8 minutes

Risk continues to be top of every treasurer’s agenda. From foreign exchange risk, counterparty risk, commodity risk and interest rate risk to cyber risk, reputational risk and supply chain risk, all are covered here. It feels like corporates have never had more risks to manage, making this an ever- increasing critical responsibility for the treasury function.

Overall Winner – AIA Group, Gary Gray, Head of Treasury Operations.

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Episode 4: Best Investing Solution

Duration: 10 minutes

This category is extended to include short, medium and long-term investments to showcase how organisations have optimised and/or diversified their investment portfolio, particularly important in a low/negative interest rate environment. We look at how they have addressed the trade-off between yield, liquidity, cash preservation and counterparty risk or perhaps considered ESG factors when investing.

Overall Winner – Takeda Pharmaceuticals Co., Miho Kumazawa, Lead Treasury Operations APAC and Japan, in partnership with Citi and Amundi.

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Episode 3: Best Crisis Management Solution

Duration: 14 minutes

This new category recognises the challenges specifically posed by the COVID-19 pandemic. We wanted to showcase the Herculean efforts that have been demonstrated as corporates respond to the demands of the new normal. There have been some extraordinary demonstrations of best practice that we feel deserve special recognition.

Overall Winner – Balagopal Kunduvara, Divisional VP, Financial Services, Singapore Airlines Ltd, in partnership with DBS.

Highly Commended Winner – Zheng Yu, Treasury Leader APAC, Philips (China) Investment Co Ltd, in partnership with C2FO.

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Episode 2: A Rising Star 2021

Duration: 5 minutes

This category recognises unique talent that is rising up the corporate treasury ranks. The individual may have excelled in a professional qualification and whose trajectory is impressive, with a bright and impactful professional future ahead of them. Perhaps a future Group Treasurer, Finance Director or CFO is identified here.

Overall Winner – Mithun Gole, Vice President – Corporate Finance & Treasury, Apraava Energy Pvt Ltd.

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Episode 1: Treasury Today Asia Woman of the Year 2021

Duration: 7 minutes

Our Woman of the Year category recognises a leading corporate treasury woman who demonstrates real innovation and professional achievement. Typifying the essence of Treasury Today Asia’s Women in Treasury initiative, this award goes to those who, alongside their career journey, also dedicate themselves to inspire others, giving back and using their privilege and access to help other professionals along their journey, opening up the profession to more diverse talent.

Overall Winner – Preet Dhupar, CFO, Ikea India Pvt. Ltd.

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