Blue Chip Treasuries Recognised in Corporate Finance poll
Hewlett-Packard, BP and Coca-Cola are among the big-name companies who received recognition in the Corporate Finance Awards for Excellence in Corporate Treasury. The European treasury of Hewlett-Packard, which won the Operational Efficiency category, was regarded by the judging panel as demonstrating an enviable ability to improve processes while minimizing costs. Clarity of its strategy and of treasury’s contribution to the business won BP the Treasury Strategy award, while Coca-Cola was voted the most impressive treasury outsourcing project. High-tech manufacturer Agilent Technologies’ Finance Transformation project, involving the streamlining of accounts receivable in Europe, won the Working Capital Management award while DaimlerChrysler South East Asia was judged to be leading the way in STP and Technology Integration.