For many corporate treasury teams, the sky is threatening to fall. Supply chain and staffing woes—and the general Covid economy—have been plaguing global businesses for the past two years. Even as these challenges remain unresolved, inflation is now spiraling higher, and interest rates are on the verge of a series of upward bumps. Survival through this "perfect storm" of market trends may require companies to have clear, real-time visibility into corporate liquidity.
That's why the first Alexander Hamilton Award of 2022 recognized Stamford, Connecticut–based envelope and label manufacturer Cenveo, whose treasury team leveraged sophisticated analytics technologies to automate and accelerate many aspects of treasury operations. The Cenveo project improved the company's cash forecasting accuracy. It also dramatically reduced the amount of treasury staff time dedicated to rote tasks such as prioritizing outgoing payments. This freed up the team for more value-added activities.
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