For over 30 years, Treasury Management International (TMI) has been dedicated to promoting best practices and innovations in treasury management.
We take pride in the significant input we have made to the development of the treasury and finance profession by promoting the growth of treasury associations and clubs around the world, providing new insights into treasury and supporting treasurers in their efforts to find new ways to add value to their organisations.
Since we introduced the TMI Awards for Innovation & Excellence almost 2 decades ago, these Awards have become firmly established as the quality benchmark for the treasury profession, formally recognising the practitioners, consultants, banks, and vendors who are defining new frontiers and driving best practices in treasury management globally.
We have established a qualitative approach to the submissions and judging process, thereby providing greater consistency and transparency in the awards criteria. By doing so, we hope to further enhance the value of the TMI Awards for winners, and how these are recognised across the wider profession.
If you represent a corporate treasury, consultancy, bank or technology vendor, you can nominate your own organisation for an award in the relevant category. In addition, you can choose to nominate one or more third parties for an Award. For example, as a corporate treasurer, you may wish to nominate a bank, vendor or consultancy in recognition of innovation and excellence in the services you have received. Similarly, banks, vendors and consultancies may choose to nominate their customers.
Award Categories
The TMI Awards for Innovation and Excellence will be decided across the following categories:
-
Best AP/AR Solution
Regardless of its ultimate aims, payables and receivables are at the heart of every business. This award is for those who have taken these core processes and applied something extra to take them beyond a basic asset and liability exercise and turned AR or AP into a value-adding service. Perhaps you have been working closer with purchasing or sales colleagues, suppliers or buyers, or specialist fintechs or banking partners, and have unlocked notably improved AR/AP metrics. If you understand the power of AR/AR, and have delivered results that make a difference, let us know.
-
Best Cash Flow Forecasting Solution
Effective cash flow forecasting is the bedrock upon which all future business decisions are made. Whether through deployment of the latest technologies, or by applying your ultra-analytical mind, we want to hear how you have mastered this process, made best use of your data, worked together as a real team across the company, or simply achieved significant improvements in your forecasting.
-
Best Cash Pooling Solution
While the idea of cash pooling may seem simple – and the benefits of consolidated cash obvious – there are different models for its execution, and a range of drivers for implementation. We want to hear about your approach, the structure you have created and resources deployed, and how and why it has benefited your company. If you’ve made inventive use of existing tools to deliver a real-time, cross-border, multi-currency pooling structure, or developed new ways to pool for optimal cash and liquidity management, let us know.
-
Best Emerging Technology Solution
Technology has become one of the key enablers for treasury. Whether you’ve completely re-engineered your processes and implemented an enterprise-wide core system and supporting architecture with external partners, created a unique transformational solution in-house, or pushed the envelope with the cutting edge of technology, this award is about celebrating your success with technology – with a focus on emerging solutions.
-
Best Funding Solution
Treasurers continue to pull out all the stops to ensure the right funding is in place regardless of the myriad challenges placed in their way. We want to hear from you, whether you’ve got results via traditional or alternative routes, an enhanced approach to old ways or through something entirely new. So tell us all about your trail-blazing single transaction or your whole new approach to debt.
-
Best in Class Treasury Project/Team in Africa
This regional award is designed to recognise an exceptional project or treasury team in Africa.
-
Best in Class Treasury Project/Team in APAC
This regional award is designed to recognise an exceptional project or treasury team in Asia Pacific.
-
Best in Class Treasury Project/Team in CEE
This regional award is designed to recognise an exceptional project or treasury team in Central and Eastern Europe.
-
Best in Class Treasury Project/Team in South America
This regional award is designed to recognise an exceptional project or treasury team in South America.
-
Best in Class Treasury Project/Team in the Middle East
This regional award is designed to recognise an exceptional project or treasury team in the Middle East.
-
Best In-house Bank Solution
In-house banking is primarily about centralising cash and payments processing and reporting, but if you have found new ways of using it to improve your cash visibility, reduce costs, lower FX risks, improve fraud prevention and security or derive any other benefit – this award could be for you.
-
Best Investment Solution
-
Best Overall Cash Management Project
This award celebrates the heart of treasury achievement, so whether you’ve created a solution that has given your organisation greater visibility over its cash flows, made great leaps forward in your forecasting, or you’ve set up a new liquidity structure that is giving your team the edge, we want your efforts to be recognised.
-
Best Risk Management Solution
Treasurers consistently place risk at the top of their agenda so now it’s time to be recognised for your efforts in this most challenging of spaces. It’s a category covering a wide range, from traditional financial risks to newer threats such as cyber and geo-political risk and, of course, health. We want to hear about how you are tackling the risks impacting your organisation, and the successes you’ve had.
-
Best Trade/Supply Chain Solution
This is the award that demonstrates treasury’s prowess at the sharp end because without the right skills in this space, it’s game over. We want to know how you’ve made a positive difference to the cash flow cycle of your organisation, whether that’s with an innovative new trade programme, a technological response to reconciliations and cash application, the adoption of a progressive supplier finance scheme, or an entirely new approach to this essential discipline.
-
Best Treasury Tech Overhaul
Technology has become one of the key enablers for treasury. Whether you’ve completely re-engineered your processes and implemented an enterprise-wide core system and supporting architecture with external partners, created a unique transformational solution in-house, or pushed the envelope with the cutting edge of technology, this award is about celebrating your success with technology.
-
Best Treasury Transformation Project
The idea of a transformation may seem like a massive undertaking, especially when all the implied resources are factored in. But we’re looking for treasury teams that have or are taking bold steps to change not only the way their function carries out its day-to-day operations, but also how it interacts with and adds value for partners across the business. Whether you’re engaged in a significant technologically-driven upgrade, or are using new approaches to training and education to drive transformation – or both – this award is for you.
-
Editor’s Choice Special Awards
This is a discretionary award dependent on the entries received. Sometimes a body of work, the people behind it, and the results achieved, just go beyond all expectations. We’ll consider every entrant to this year’s Awards for this very special category. If you’re our winner you will have made a lasting impression on your organisation, your peers and the industry – and you deserve to be celebrated!
-
Treasury Team of the Year
This award is inspired by the outstanding teamwork we see throughout the year at TMI. If you feel you have been part of a pioneering treasury team, built strong connections with other functions, worked together to overcome adversity, or been the centre of a transformative event in your organisation, this award recognises the power of teamwork.
-
Treasury4Good Corporate – Best Ethical Investment Initiative
Ethical investing isn’t just for the retail space. Corporates are now increasingly aware of where they park their cash and for this Award we’re looking to hear from treasury pioneers who are championing ethical investments.
-
Treasury4Good Corporate – Best Sustainable Finance Project
From green bonds to positive impact loans and green RCFs, this Award is for those corporates using sustainable finance to make a difference to their organisation and the world around them.
-
Treasury4Good Corporate – Best Treasury Diversity & Inclusion Drive
Does your treasury team have a great mix of demographics? Have you gone out of your way to be more inclusive in your hiring? Are you championing LGBT+ initiatives in the workplace? This award recognises those treasury teams actively supporting diversity and inclusion – in every sense.
-
Treasury4Good Corporate – Top Treasury CSR/ESG Award
For this Award, the judges will be looking for a treasury team that has truly gone over and above to embed CSR into treasury processes. We’re looking for a treasury team that lives and breathes CSR and is always looking for new ways to support their organisation’s CSR goals.
-
Best Fintech Collaboration
Banks and fintechs have long-since acknowledged that each brings different yet valuable contributions to the development of customer solutions. Whether established long-term collaborations or newly forged, and whether you’re pushing the boundaries of AI, RPA, APIs, blockchain or data analytics, or even a technology yet to be explored, if together you have created something special, we want you to share a platform with your special partners and celebrate your successes.
-
Cash & Liquidity Management (includes payments and collections)
Helping clients to achieve superior visibility over their cash, providing solutions that deliver new and valuable analytical depth, delivering professional advisory services that are second-to -none: these all help cement corporate relationships in the cash and liquidity management space. Whether you’re taking a technological or service-based approach, or a combination of both, let us know and let your work be feted!
-
Supply Chain Financing (includes trade finance and working capital finance)
Working for the benefit of buyers and suppliers helps to forge stronger bonds in supply chain relationships, and it is this that keeps the wheels of commerce turning. Tell us your story, and how you have helped progress this important aspect of trade development. Whether you are removing cumbersome paperwork with innovative blockchain-based solutions, or enabling clients to expand into new territories and buyer/supplier bases, we want to hear from you.
-
Innovation in the Short-Term Investment Ecosystem
Demonstrating true innovation in the challenging short-term investment space is no easy feat. Wherever you are located and whatever your size, if you’re an investment manager or technology provider and you feel you have made a significant breakthrough, whatever it is, we want to hear from you.
-
Accounts Payable / Accounts Receivable solution
As the old adage goes, nothing is sold until it is paid for, and this award picks out the best solutions on both sides of the deal. Make your mark in this intensely competitive field by scooping this accolade.
-
Bank Connectivity
Whether its via innovative use of APIs, SWIFT, host-to-host or e-banking, here’s your chance to let the world know how and why your bank connectivity is second to none.
-
Best Innovation Lab Solution
You’ve seen the Innovation Lab; it’s about solutions that offer something new. This award tries to do the impossible by picking a winner…
-
Cash / Treasury Management System
Automation, integration, simplification, centralisation, localisation, flexibility; whatever your drivers for success, the cash and treasury management system that demonstrates in abundance what its users want and need has the best chance of taking this coveted award.
-
Customer Experience
If technology has a purpose it is surely to make carrying out a process ‘better than it was before’. If you have a story to tell about how technology has helped you do your job more efficiently and effectively let us know.
-
Mobile Technology Solution
The pandemic has accelerated the need for accessibility, simplicity and security so we are looking for solutions that give treasurers the means to do new kinds of business on the move with confidence, both now and in the future.
-
Portal Technology
Multi-banking platforms are for initiating transactions and monitoring and reporting activities from a single sign-in, so whether you’re operating cross-border or domestically, consolidating cash positions or trading FX, we’re seeking the solution that adds most value for treasurers. If that’s you, then this award is yours for the taking.
-
Risk Management Solution
As the risks that treasury faces grow in intensity and complexity, so the role of technology in helping mitigate those risks increases. We’re looking for innovative responses that can help organisations carry on doing what they do with security and ease.
-
Solution Innovation
Whether it’s a grand scheme involving multiple products and partners, or a seemingly simple technological response, this award will pick out the most inventive and effective answers to treasury problems. Expect a no-holds barred demonstration of ingenuity.
-
Trade Finance Solution
Trade is what has kept the world turning for millennia, and funding solutions are an essential part of the process. As participants increasingly draw upon technology to speed up, secure and ease the workflow, we’re looking for solutions that surprise us while signalling the end of paper!
-
Best Community Engagement Project
-
Best Employee Engagement Initiative
-
Best ESG Liquidity Solution
-
Best Global Bank for CSR/ESG
-
Best Global Bank for Diversity & Inclusion
-
Best Treasury4Good Innovator (covering CSR/ESG/D&I)
-
Best Treasury4Good Technology Solution
Have you taken your treasury paperless by embracing digital solutions? Or cut down on the department’s electricity consumption by using cloud computing instead of on-premise technology? Or perhaps you’ve introduced a portal to track CSR metrics and help with non-financial reporting? Whichever route you’ve chosen, this Award recognises treasury’s efforts to leverage technology as a CSR tool.
-
Outstanding Treasury4Good Leader (personal award)
Is there someone in your treasury team who is a true CSR champion? Or someone in another company’s treasury who you’d like to nominate? This personal award recognises the efforts of those people who go the extra mile when it comes to CSR.
-
Treasury4Good Corporate Awards
See Corporate Recognition Awards for full list
Showcasing CSR, ESG and D&I Initiatives
Dedicated to those corporate treasury teams, banks, and vendors truly making a difference to their organisation’s sustainable growth – and the world around them – the Treasury4Good Awards were the first Awards of their kind launched in our industry.
As the gatekeepers of company cash, corporate treasury professionals, together with the providers of treasury services, have a vital role to play in supporting CSR, ESG and D&I initiatives.
Together with driving bottom line improvements, global corporates and banks are now expected to be responsible role models – addressing local and international challenges by using their financial reach to improve lives, society, business, and the environment.
Nomination Process & Guidelines
There are three ways to be considered for an Award in each category.
For more information around the process please view our Awards Guidelines.
Case Studies
All case studies that have been published in the past 12 months in TMI are automatically considered for an award and do not need to be resubmitted.
Self-Nomination
Any corporate treasury, consultancy, bank or technology vendor can nominate their own organisation for an award in the relevant category or categories.
Third Party Nomination
Any corporate treasury, consultancy, bank or technology vendor can nominate a third party organisation for an award in the relevant category or categories. For example, a bank, vendor or consultancy may nominate their customers while a corporate treasurer may nominate their banks, vendors or consultancies.
Confidentiality
All information contained within each nomination will be treated as strictly confidential.
2024 Awards – Submission Dates
The deadline for your submission(s) to the 2024 TMI Awards for Innovation & Excellence is 31 October.
Please email Sam Clarke ([email protected]) with any questions.
We are delighted to announce the winners of the 2023 TMI Awards for Innovation & Excellence. Big congratulations to all from the TMI team!
We launched the TMI Awards over 2 decades ago and are still as enthused as ever to highlight innovation and showcase best-in-class treasury practices from across the globe.
Discover the full list of winners below. Stay tuned for further coverage on a number of these exciting – and now award-winning – initiatives.
Your 2023 Winners
Award | 2023 Winner | ||
---|---|---|---|
Global Bank of the Year for Cash & Liquidity Management | HSBC | ||
Global Bank of the Year for Trade & Supply Chain | BNP Paribas | ||
Best Bank for Cash & Liquidity Management – Asia Pacific | Standard Chartered Bank | ||
Best Bank for Cash & Liquidity Management – China | Standard Chartered Bank | ||
Best Bank for Cash & Liquidity Management – Europe | BNP Paribas | ||
Best Bank for Cash & Liquidity Management – Middle East & Africa | Societe Generale | ||
Best Bank for Cash & Liquidity Management – North America | Bank of America | ||
Best Bank for Cash & Liquidity Management – South America | Citi | ||
Best Bank for Trade & Supply Chain – Asia Pacific | HSBC | ||
Best Bank for Trade & Supply Chain – China | HSBC | ||
Best Bank for Trade & Supply Chain – Europe | ING | ||
Best Bank for Trade & Supply Chain – Middle East & Africa | Societe Generale | ||
Best Bank for Trade & Supply Chain – North America | Bank of America | ||
Best Bank for Trade & Supply Chain – South America | Citi |
Award | 2023 Winner | ||
---|---|---|---|
Treasury Team of the Year – GOLD | GE Healthcare | ||
Treasury Team of the Year – SILVER | DEME | ||
Best Cash and Liquidity Restructuring Project – GOLD | Arçelik Hitachi | ||
Best Cash Pooling Solution – GOLD | Mediahuis | ||
Best Cash Pooling Solution – SILVER | China Communications Constructions Corporation (CCCC) | ||
Best Corporate Financing and/or Funding Solution – GOLD | Siemens | ||
Best Corporate Financing and/or Funding Solution – SILVER | British American Tobacco | ||
Best Intercompany Solution – GOLD | S4Capital | ||
Best Investment Solution – GOLD | SAP SE | ||
Best Investment Solution – SILVER | InterGlobe Aviation | ||
Best Payments/Collections Project – GOLD | Fortum | ||
Best Payments/Collections Project – SILVER | Cummins | ||
Best Risk Management Solution – GOLD | Westcon-Comstor | ||
Best Risk Management Solution – SILVER | Microsoft | ||
Best Risk Management Solution – BRONZE | F Hoffman La Roche | ||
Best SCF Implementation – GOLD | Kuehne+Nagel | ||
Best Treasury Initiative for Value Creation – GOLD | Chalhoub Group | ||
Best Treasury Transformation Project – GOLD | China National Cereals, Oils and Foodstuffs Corporation (COFCO) | ||
Best Treasury Transformation Project – SILVER | ADNOC | ||
Best Virtual Accounts Solution – GOLD | Ksher | ||
Editor’s Pick | GoStudent |
Award | 2023 Winner | ||
---|---|---|---|
Best AI Deployment – GOLD | Pearson | ||
Best AI Deployment – SILVER | IKEA | ||
Best API Project – GOLD | Satin Creditcare Network Limited | ||
Best API Project – SILVER | PingPong | ||
Best Automation Project – GOLD | Microsoft | ||
Best Automation Project – SILVER | Merck | ||
Best Automation Project – BRONZE | Dräger | ||
Best Technology Transformation – GOLD | WNS | ||
Best Technology Transformation – SILVER | Johnson Controls | ||
Best Technology Transformation – BRONZE | UNHCR | ||
Best TMS Implementation – GOLD | Subway | ||
Best TMS Implementation – SILVER | URSSAF Caisse Nationale |
Award | 2023 Winner | ||
---|---|---|---|
Bank & Fintech – Global Bank of the Year for CSR/ESG | BNP Paribas | ||
Bank & Fintech – Global Bank of the Year for Sustainable Finance | Standard Chartered Bank | ||
Bank & Fintech – Global Bank of the Year for Sustainable Trade Finance | ING | ||
Bank & Fintech – Best Provider of Green Cash & Liquidity Solution | Standard Chartered Bank | ||
Bank & Fintech – Best Treasury4Good Innovator | CNote | ||
Bank & Fintech – Best Treasury4Good Technology Solution | BNY Mellon | ||
Corporate – Best Ethical Investment Initiative | T Rowe Price | ||
Corporate – Best Sustainable Trade & Supply Chain Project – GOLD | TEVA | ||
Corporate – Best Sustainable Trade & Supply Chain Project – SILVER | Louis Dreyfus India | ||
Corporate – Best Sustainable Trade & Supply Chain Project – BRONZE | ADM | ||
Corporate – Editor’s T4G Pick | NZ Local Govt Funding Agency | ||
Corporate – Outstanding Treasury4Good Leader – GOLD | Jose Luis Marti – Microsoft | ||
Corporate – Outstanding Treasury4Good Leader – SILVER | Piero Luigi Fratini – Bridgestone | ||
Corporate – Top Corporate Treasury Team for CSR/ESG | Bridgestone EMIA |
Award | 2023 Winner | ||
---|---|---|---|
Accounts Payable & Receivable Solution | Global PayEx | ||
Bank Connectivity Solution | Fides Treasury Services | ||
Bank of the Year for Customer Experience | Citi | ||
Best Customer Experience – Highly Commended | Standard Chartered Bank | ||
Best Customer Experience – Highly Commended | Bank of America | ||
Best Innovation Lab Solution | FinanceKey | ||
Best Innovation Lab Solution – Highly Commended | HedgeFlows | ||
Best Innovation Lab Solution – Highly Commended | Agicap | ||
Best Mobile Technology Solution for Treasury | Bank of America | ||
Cash & Treasury Management Solution | FIS | ||
Innovation in the Short-term Investment Ecosystem | TreasurySpring | ||
Portal Technology | ICD | ||
Risk Management Solution | ICD | ||
Risk Management Solution – Highly Commended | CoorpID | ||
Solution Innovation | Deutsche Bank | ||
Solution Innovation – Highly Commended | BNP Paribas | ||
Solution Innovation – Highly Commended | Bank of America | ||
Trade & Supply Chain Finance Solution | Standard Chartered Bank | ||
Trade & Supply Chain Finance Solution – Highly Commended | UniCredit | ||
Trade & Supply Chain Finance Solution – Highly Commended | Surecomp |
Award | 2023 Winner | ||
---|---|---|---|
Best Risk Management Advisory Service | Dukes & King | ||
Best Cash Management Advisory Service | Pecunia Treasury | ||
Best Treasury Technology Advisory Service | Automation Boutique |
With the business world agitated by rising interest rates, inflation, threats of recession, geopolitical instability, and other uncertainties, many treasurers are choosing to revisit their investment policies. Have you pushed out on the yield curve and taken a new and intelligent view on risk management, or have you applied a new approach to a traditional portfolio and found great results in alternatives? Have you found a new way to balance your short, medium and long-term goals? Or has ESG driven your strategy in new and exciting ways? We want to know what investment strategies have really worked for you, giving your team the edge and making you worthy of our award.