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CORPORATE RECOGNITION AWARDS
Treasury Technology Trailblazer – Highly Commended
A monolithic treasury management system (TMS) was not what Scott Taylor, Treasurer, Bandwidth, was looking for. Instead, he wanted a light-touch technology solution that would help the company achieve its growth plans, while being flexible enough to leverage the latest technological developments. The API-based solution that Bandwidth developed in conjunction with ICD and Trovata has not only achieved these outcomes but also set a precedent for future treasury technology architecture – and won a Highly Commended Accolade for Treasury Technology Trailblazer in TMI’s 2020 Corporate Recognition Awards.
Cloud-based communication platforms have experienced a boom in usage in recent years, not least as a result of Covid-19. As such, Bandwidth – a leading cloud-ready voice, messaging, and emergency service connectivity provider – is growing rapidly.
To enable the company’s financial operations to scale with the business, Taylor was brought on board in 2019 with the goals of establishing a formal treasury function and making the associated processes more streamlined and efficient. This meant bringing previously outsourced cash management responsibilities back in-house, switching to more modern cash management banks, and putting in place dedicated, automated, treasury technology.
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