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Best Cash Management Solution
Highly Commended Winner: Firmenich SA, Philippe Farine
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This is a global cash management solution covering all 28 affiliates able to join the company’s global cash pooling solution as well as the
inter-company netting process. This was completed by the implementation of a ‘PoBo’ structure serving more than 20 affiliates. In less
than two years, Firmenich has set up a Global In-House-Bank (IHB). This was made possible by the preliminary implementation of a
single SAP instance (ECC6 version) and two new SAP modules (IHC and BCM) to run the IHB.
Best Liquidity Management/Short-Term Investing Solution
Highly Commended Winner: Flextronics, Petra Rosenauer
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This is a smart multi-currency pooling solution across 84 operating accounts spanning ten jurisdictions within EMEA including Israel.
The London-based overlay structure is then automatically drained in US dollars to a New York account.
Best AP Solution
Highly Commended Winner: Hudson Advisors Europe Ltd., Conleth Fay
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The solution centralises payments in the global payment factory and standardises the payments process within an updated version of the
company’s ERP system. All invoices are submitted via the ERP system and are then approved – within the system – by two business
approvers. The system generates and securely transmits a payment file in the ISO XML 20022 V3 format, creating a standardised
payment file across all regions.
Best Trade Solution
Overall Winner: Microsoft, Anita Prasad, Jayna Bundy, Shreyas Kulkarni and George Zinn 15
This submission was the result of a conversation which began at the 2014 Adam Smith Awards Lunch in London. The culmination is
a solution comprising three banks, each of which took on an equal role. It really is a uniquely collaborative solution for supply
chain financing.
Contents
Smarter Treasury: Boost your global payment and receivables IQ
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So much is happening in the world of corporate treasury that it can sometimes be hard for the treasurer to know where to focus their
efforts. In this article, we examine why global payments and receivables deserve some extra attention, and outline practical steps
and solutions to help treasurers on the path to optimisation.
Smarter Treasury: Optimising liquidity in a shifting world
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From negative interest rates to significant currency volatility and geopolitical risk, today’s treasurers are operating in largely uncharted
territory. Exploring and exploiting this new liquidity landscape will require skilful navigation – and an open mind.
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Adam Smith Awards © August 2015