Treasury Excellence Awards 2018 | Euro Finance | 29 June 2018 |

The annual EuroFinance Awards are the benchmark for treasury excellence.

Every year, the theme changes to reflect the key trend that has emerged in treasury over 12 months, and the winners are invited to tell their story at our annual flagship conference International Treasury Management.

This year, in addition to the main overall award we will be launching new categories to recognise excellence in specific areas of treasury.

Award Categories:

Overall Award for Treasury Excellence - Mastering strategic change

Just as businesses are looking at radical change to keep themselves relevant, so too must treasury. Disruption is a given. But how to create a coherent strategy of how to remodel? How to evaluate in advance the new risks new business and treasury models are likely to entail?

We want to hear from companies who have embraced the challenge. Those who have used new technology to unite data distributed throughout the enterprise; innovated to drive treasury efficiency and create value for the wider business; explored automation and the Cloud.

Award for treasury re-engineering:
Understanding pre-existing procedures is the first step in creating a process map which identifies the opportunities for streamlining and simplification. Re-engineering is then a series of steps that together bring about real change.

Award for business partnering for value added:
The “treasury as partner” meme is old but mostly unproven. What are the practical ways in which treasurers can add measurable business value, and does the business agree that it can?

Award for new build treasury:
Spin-offs and other corporate restructurings are one instance in which treasury must be built from scratch. Start-ups and new tech businesses are another. And a rapid burst of international growth can also be the trigger.

Award for a process transformation:
The big-budget, root-and-branch projects get the applause, but some of the most significant improvements are the remodelling of important, individual processes such as bank accounts or cash forecasting. This award will be for the best process transformation by a corporate.

Award for innovation:
Can treasury truly be innovative? Treasurers can adopt the latest product – virtual accounts or Big Data analytics – but is that innovation? This treasurer will have done more than just buy the latest solution. This award will be for a treasury that can demonstrate true innovation.

Award for digital transformation:
Digital transformation is shorthand for joining up disparate systems and making their data available for real-time analysis. It means reducing complexity and increasing visibility and insight. And it means connecting treasury to the business in a way that has not been possible until now.

Award for technology implementation:
The biggest problem in most IT projects, regardless of where in an organisation they occur, is implementation. ERP installs in particular have led to spectacular failures. So this award is for a company that has mastered its technology implementation seamlessly.

Award for innovation in financing:
Most of the time in raising debt or equity, boring is best. But there are occasions when to solve a complex, multi-dimensional business problem, complex and innovative funding is a necessity. This award will go to a treasury that demonstrates that innovation.