Vote for the Pinnacle Grand Prize Winner
This year treasury and finance practitioners are in control of who will be crowned the Pinnacle Grand Prize Winner. The finalist with the most votes will be honored during the AFP 2020 Virtual Experience.
Review the three finalists below and determine who came up with the best, most innovative solution for the particular challenge they were facing. For a deeper dive into the solutions, be sure to listen to their interviews on the AFP Conversations Podcast.
After reviewing the finalists, cast your vote for the Pinnacle Grand Prize Winner here. The deadline to cast your vote is Friday, October 2, 2020.
Learn More About Each Finalist
ALPHABET (GOOGLE'S PARENT COMPANY)
Alphabet, Google’s parent company, is a rapidly growing and dynamic, entrepreneurial business. To support this growth, Alphabet recognized the need to re-engineer its treasury function. Partnering with SAP, Alphabet launched Project Emerald—a state-of-the-art, non-custom solution that migrated treasury’s processes to the company’s SAP treasury workstation. The success of this in-house solution has paved the way for Alphabet to implement SAP as a single global ERP system for not just treasury, but all corporate functions.
Dräger, a leading manufacturer for medical and safety technology products, manages a large foreign exchange portfolio that requires reliable data processing. Until the end of 2019, FX exposures were computed in a highly manual and time-consuming, spreadsheet-based process. To improve data availability and reliability, Dräger implemented an FX management tool to automate data processing and the calculation of exposures. Additionally, the company automated the exposure planning process and created a cost-efficient hedging portfolio.
Peloton, the world’s largest interactive fitness platform, lacked a formalized treasury operation and needed to quickly build infrastructure to support its rapid growth, increased complexity and upcoming public offering. Dana Laidhold, Peloton’s first treasurer, joined the company in 2018 and embarked on a journey to build a treasury team from the ground up and implement technology and business processes.