Technology is pervasive in our treasury functions, as in our lives. Few initiatives these days do not have a tech component. And yet some organizations are taking their technology projects above and beyond.

Companies that focus on deploying third-party software can achieve impressive efficiencies. But companies that think outside the box to stretch technologies in new directions stand to reap even greater rewards—a lesson demonstrated by this year's winners of the Alexander Hamilton Awards in Technology Excellence, sponsored by Deutsche Bank, FiREapps, Citi, and Deloitte.

It should come as no surprise that Microsoft is looking to use technology in innovative ways. And yet this year's winning project stands out.

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Meg Waters

Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.