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Alexander Hamilton Awards

2023 Alexander Hamilton Awards: Small Company Excellence

Congratulations to TeamViewer and NWR, Inc.!

By T&R Staff | May 18, 2023 at 03:46 PM

Treasury teams of all sizes deal with the same core challenges: achieving visibility into cash flows, predicting future liquidity, and managing all their other responsibilities, usually with a very lean staff. For small to midsize organizations, these challenges are often magnified if the treasury staff uses manual and spreadsheet-based processes to manage growing and increasingly complex businesses. Automating and modernizing processes can make a huge difference in the efficiency of the team’s treasury operations and their ability to serve as a strategic partner to the business.

“The size of the company does not dictate the complexity of the organization,” explains Scott Carpenter, CFO of Post Falls, Idaho–based NWR, Inc. “Efficiency is just as important—maybe more important—for a company our size as for a Fortune 500 business. To move forward with this project, we had to have the right audience within the organization. But once we gained the support of management, we discovered that there are a lot of tools out there that can relieve treasury and finance teams of their manual workload.”

Both of this year’s Alexander Hamilton Award winners in the category Small Company Excellence leveraged process and technology improvements to launch transformational treasury initiatives despite having small treasury teams:

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