Australian travel group Helloworld had a clear vision of its automation, efficiency and data integrity objectives, but quickly recognised that it could not achieve these objectives without a transformation of its treasury processes and infrastructure. The company therefore decided to implement Finpacific’s cloud-based MyTreasur-e.com solution in conjunction with Kondor Trade Processing (KTP) in order to achieve better visibility of cash and liquidity, enhance risk management and hedge accounting, improve audit and compliance, automate processes and facilitate better collaboration across the group. Following a two-phase project spanning four months, Helloworld has successfully achieved its objectives whilst also providing the team with a real-time view of current and future cash positions, and supporting flexible reporting needs.
Readers of TMI will be familiar with Ingram Micro’s collections project (edition 230) for which it has been awarded a TMI Award for innovation. Ingram Micro India has worked closely with partner bank BNP Paribas to implement a sophisticated payments, collections and cash visibility project across thousands of distributors and 37 locations in India. In collections, for example, Ingram Micro India outsourced current and post-dated cheque collection and processing to BNP Paribas, and implemented virtual accounts, known as eReceipt, for timely reconciliation, freeing up credit lines more quickly.
In addition to winning TMI Star Awards in the relevant regional categories, we would like to congratulate the following for winning TMI Global Star Awards.
The quality was very high and we would like to thank everyone who put the time and effort into producing such compelling submissions. We look forward to featuring case studies with our award winners in future editions of TMI and presenting projects that are still at too early a stage to win an award on this occasion, but look set to deliver considerable value in the coming months.
With many thanks too to BNP Paribas for hosting the award ceremonies at the Cash Management University and for partnering TMI on such a successful awards programme.