X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
2022 Alexander Hamilton Awards in Liquidity Management

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.

Today, Cenveo business leaders see treasury managers as valued strategic internal advisers, thanks in no small part to the results of the liquidity management initiative. “With the visibility we have now, if there’s a need for capex within the business, we can see that,” says Frank Coppola, Cenveo’s senior vice president of finance and accounting. “We’re not spending the whole day looking at accounts payable. We’re actually helping change and invest in the business.”

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 © 2022 ALM Global, LLC. All Rights Reserved.