BEST GREEN STRATEGY
Projects, programs and initiatives in which the corporate treasury or finance department is taking a leading role. These include promoting any one of the following areas or a combination: environmental awareness, conservation, social responsibility, greening the supply chain and sustainable business models.
ENTERPRISE RISK MANAGEMENT
This category encompasses innovative solutions and larger programs involving risk assessment, identification, mitigation and/or transfer when protecting a company’s business, property, supply chain, personnel, data and/or reputation.
TECHNOLOGY EXCELLENCE
This category recognizes corporate treasuries or finance departments for their creation and/or exceptional implementation of technology (which can be internally or externally developed or a combination of both) that is innovative, or solved a major problem that yielded impressive results, or is likely to establish a best practice. Projects that would fall into this category include those that add breadth and scope in solving a financial or compliance issue, in conducting electronic commerce, improving communications or analysis of financial data and information, mitigating risk, or providing strategic advantage.
FINANCIAL RISK MANAGEMENT
Exceptional solutions for risk management involving domestic or international interest rates, foreign exchange, credit risk, counterparty risk, commodity price or country risk; the use of derivatives; or the use of capital markets to hedge a company’s financial risk exposure.
WORKING CAPITAL MANAGEMENT
Cash flow forecasting and centralization efforts, as well as any effort that aimed at and resulted in significant working capital management efficiencies. Entries in this category can be submitted in a second, narrower category, such as cash management or liquidity management.
CASH MANAGEMENT
This category includes information reporting and activity relating to the collection of incoming payments (lockbox, A/R outsourcing) and the disbursement of outgoing payments (wires, ACH, all check services, AP outsourcing), as well as all security arrangements around payments.
LIQUIDITY MANAGEMENT
This category targets the areas of portfolio man¬agement, short-term investing and contingency planning for cash availability, as well as crisis management that ensures liquidity.
OVERALL EXCELLENCE
Applications are not submitted for this category. The winner is chosen from among the winners of the 7 other Award categories, based on one outstanding and innovative winning project or several projects that cumulatively show a standard of best practices throughout a company’s treasury of finance department.
Winners will be chosen by a distinguished panel of world-class industry experts and acknowledged at this year’s Summit.