As global uncertainty mounts, corporate treasury teams have become increasingly focused on optimizing their liquidity in every locale where they do business. “In order to [meet corporate strategic objectives], we needed to be able to access all our cash globally, wherever it was,” says Steve Propper, vice president and corporate treasurer for Corning Incorporated. “The more fungible our cash is, the more liquidity we have on a global basis.”

Optimizing a company’s utilization of cash can be challenging, however. In some cases, restrictions on cross-border transactions limit a treasury’s ability to put resources to work in another region of the world. In other cases, a significant debt load or rapid growth leads to conditions that limit visibility into or availability of the liquidity that is vital to growth and perhaps to survival when markets turn downward.

This year’s Alexander Hamilton Awards in Liquidity Management recognize three companies that undertook major liquidity-improvement initiatives:

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.