This year, Treasury & Risk is awarding two Alexander Hamilton Awards in the category of Liquidity Management:

Silver Award: For Holiday Inn Club Vacations, visibility into cash positions and forecasting of future liquidity needs became absolutely vital when the resort industry came grinding to a halt in the spring of 2020. The company rolled out a technology solution that automates cash positioning, forecasting, and transaction reconciliations, greatly improving its ability to continue operations through the pandemic.
Gold Award: Australian property management company Charter Hall had more than $5 billion in cash and available undrawn credit facilities. Like Holiday Inn Club Vacations, Charter Hall lacked easy visibility into cash balances, and managing its available liquidity required a great deal of manual effort. The company built a scalable and highly automated transactional banking structure, augmented a cash pooling arrangement, and developed real-time cash analytics and cash flow forecasting processes.

Both projects succeeded as a result of close collaboration among the corporate treasury function, other key internal stakeholders, and external vendors and service providers. "Push your partners to build the functionality you need," recommends Sasha De Gracia, director of finance–treasury services for Holiday Inn Club Vacations. "Even if you need a capability that isn't commercially available right now, there's always a viable workaround that can be created. The end result might not be perfect, but it's always possible to improve the process."

Instant Insights /

2021 Alexander Hamilton Awards: Liquidity Management

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