Google recaptures gold for its work to automate treasury functions by choosing best-in-class systems from third-party vendors and integrating them in a way Treasurer Brent Callinicos describes as "very unique and 'Googly.'"

Two years ago, Google won the top technology excellence award for integrating seven vendor solutions, and last year it took bronze for more pinpointed efforts. This year's award covers five treasury initiatives, which include expanding Google's payment infrastructure to cover non-treasury payments, using the Continuous Linked Settlement (CLS) service to cover all fixed-income transactions, and enhancing SunGard's AvantGard Quantum software to improve cash forecasting.

Callinicos calls automating the reporting system, which integrates data from 14 internal and external sources, and expanding its compliance system to cover internal and external portfolios especially important.