As corporate treasury teams continuously face pressure to do more with less, technology has become key to success. Systems that optimize treasury processes may be designed to automate specific treasury tasks, to provide deeper or faster visibility into important data, or to improve communication among stakeholders (internal, external, or both). These use cases all demonstrate how technology has the potential to improve a company’s decision-making around cash flows and risk management—if the treasury group understands the potential and optimizes the organization’s use of the tools at their disposal.

That is exactly what this year’s Alexander Hamilton Award winners in the category Technology Excellence did. The winning companies faced very different challenges in their treasury technology environments. What they have in common is that they tackled their unique challenges head-on, introducing technology solutions that streamlined treasury operations and improved visibility into organizational cash flows.

“Before, we were stuck in our ways,” says Irvin Lee, national manager of treasury data and automation for Toyota Financial Services. “When we started redesigning our processes, we took on a new way of thinking. It boils down to looking at everything with a fresh set of eyes, seeing how processes can be rearranged and what technologies can make that possible.”

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