Shantel
Key Takeaways:
- The winners for the EuroFinance Treasury Excellence Awards 2023 include Unilever, Airtel Africa, Bristol Myers Squibb, and Siemens Gamesa.
- Each winner has been selected for their excellence in different categories like Mastering Strategic Change, Digital Transformation, Technology Implementation, and Risk Management and Resilience.
- All the winners will present case studies of their projects at the 32nd EuroFinance International Treasury Management event in Barcelona in September.
About EuroFinance
EuroFinance, part of The Economist Group, is a prominent global provider of treasury, cash management, and risk events, research, and training. With over 30 years of experience, its mission is to bring together the brightest minds and most influential voices in treasury.
Winners of EuroFinance Treasury Excellence Awards 2023
London-based treasury management leader EuroFinance has announced the winners for its annual EuroFinance Treasury Excellence Awards 2023. This year, Unilever, Airtel Africa, Bristol Myers Squibb, and Siemens Gamesa have emerged as winners, with IATA Pay earning special commendation for industry-wide digital transformation.
“We are delighted to announce the winners, all notable for their relentless drive to create valuable solutions that respond to real business needs,” commented Emma West, Managing Director at EuroFinance.
Category Winners
Digital Transformation Winner: Unilever
Consumer goods giant Unilever bagged the award for Digital Transformation. The company displayed foresight by enhancing its cash forecasting abilities to adapt to the rising interest rate environment.
Technology Implementation Winner: Siemens Gamesa
In the Technology Implementation category, Siemens Gamesa emerged as the winner. The company embarked on an ambitious project to construct a new payment system during a complex carve-out and merger.
Mastering Strategic Change Winner: Airtel Africa
In the Mastering Strategic Change category, Airtel Africa took the crown. The telecom provider, which operates in 14 frontier markets, utilized targeted financing solutions and innovative liquidity management to overcome numerous challenges.
Risk and Resilience Winner: Bristol Myers Squibb
New Jersey-based drugmaker Bristol Myers Squibb won the Risk and Resilience category. The company used various strategic moves, including a $6B debt restructuring and acceleration of the 2023 cash flow hedging program, to turn challenges into opportunities.
The winners will present case studies of their initiatives at the 32nd annual EuroFinance International Treasury Management event in Barcelona, which will attract more than 2000 treasury professionals from September 27th-29th.
