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:

NWR was growing fast, as it supplies refrigeration hardware to the rapidly expanding plasma collection industry. Carpenter and his colleagues realized that they needed to streamline legacy manual and spreadsheet-based processes so that treasury could keep up with the changes to the business. Their initiative resulted in much better visibility into cash flows and more staff time for value-added activities.
German software company TeamViewer was also experiencing dramatic growth that made its inefficient treasury processes difficult for the two-person team to manage. The treasury team deployed a new online payment hub solution and connected it to the company's enterprise resource planning (ERP) system. Not only did this free up a great deal of staff time, but TeamViewer now has daily visibility into around 99 percent of its cash, vs. 33 percent a year ago.

Congratulations to TeamViewer and NWR for their outstanding initiatives! And thank you to the judges of our 2023 awards program: Jean-Francois Heitz, former deputy CFO and treasurer of Microsoft; Erik Smolders, former treasurer of Ingram Micro and a vice president in Deloitte's Global Treasury Advisory Services practice; Craig Jeffery, managing partner of Strategic Treasurer; Paul Galloway, senior adviser at Strategic Treasurer; and Marie Hollein, former president and CEO of Financial Executives International.

Instant Insights /

2023 Alexander Hamilton Awards: Small Company Excellence

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