CT announces shortlist for Asia’s Best Treasury and Finance Strategies

In December, the CorporateTreasurer editors were excited to announce a fresh and exciting change to our awards process.

For the first time, we invited an elite panel of prominent treasury practitioners to support the decision-making process, selecting individuals with a wealth of experience in across the Asia-Pacific region. The panel comprises:

• Gogo Ko Yung-lai, President of the IACCT (China) and deputy general manager of YU XIU Enterprises
• Damian Glendinning, ex-group treasurer of Lenovo and former president of ACTS
• Aron Akesson, former Asia-Pacific head of treasury of Carlsberg who now runs his own treasury consultancy Triple A Treasury Ltd.

Sifting through scores of submissions, CorporateTreasurer’s editorial team had to make the hard decision to considerably reduce the pack down to 20 shortlisted entries. Today, we are proud to announce the shortlisted strategies in alphabetical order.

***

Anheuser-Busch InBev | Bank of America Merrill Lynch
Overhaul of payment and liquidity management structure

***

Cargill | HSBC | ING
Letter of credit via distributed ledger technology (Corda platform)

***

Cipla | C2FO | HSBC
Early pay supplier financing programme

***

Chubb Insurance | Bank of America Merrill Lynch
Receivables management and matching strategy

***

Dah Chong Hong | Hang Seng Bank
Hybrid liquidity management solution

***

Daimler | BNP Paribas
Collection, payment and liquidity management restructuring

***
 
Indocement | Standard Chartered
Automated payment solution – vendor prepay programme

***

Nissan
Global financing and risk management philosophy

***

Olam India | IBS FINTech
Risk management monitoring and automation strategy

***

PickNGo | UOB Malaysia
Receivables and payables solution onboarding

***

Plastic Omnium | BNP Paribas
China onshore cash and treasury automation and straight-through processing

***

Prudential |ION
Cloud-based cash and risk management overhaul

***

Rio Tinto
Treasury transformation: Overhaul of operations

***

Royal Lestari Utama | BNP Paribas
Funding, escrow, and account bank structuring

***

Total Philippines
Debt restructuring and refinancing strategy

***
 

Validus Capital 
Alternative SME funding/working capital solution

***

Wahana Vinyl Nusantara | CIMB Niaga
Centralised cashflow monitoring and payments solution

***

WeChat | UOB Malaysia
Full-suite cash management shakeup

***

Xyb2b.com | KVB Kunlun
Customised API and cloud treasury solution for SMEs

***

Zuellig Pharma Malaysia | HSBC
Collections transformation via virtual account and robotics process automation

***

At this point we have engaged the Awards Panel to review the short-listed submissions and they are now adding their critical insight and technical knowledge to the debating table. We gave the panel, clear guidelines to work from:

1. Award winning solutions must have unique working elements but have broad working appeal
2. Solutions need to be considered on context of the country of origin and the relative sophistication of the marketplace
3. To provide balance, weigh up the geographic scope of solutions and the variety of solutions types.

The final 10 winners of CorporateTreasurer’s Best Treasury and Finance Strategies in Asia Pacific will be announced during the awards ceremony. The dinner and celebration will be  held on the evening of April 24 in Singapore at the Swiss Merchant Court, during CTWeek. For more information about the awards, please contact Alice Ting at [email protected]