How Small Treasury Teams are Sculpting Success: 2023 Alexander Hamilton Small Company Excellence Awards

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Date: Tuesday, April 25, 2023

Time: 11am ET | 8am PT

 

Sponsored by: TIS

 

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 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.

 

Join this webcast to hear how NWR Inc. and Teamviewer modernized processes to gain efficiency in their treasury operations and support rapidly growing businesses. 

 

You will: 

 

  • Celebrate NWR Inc. and TeamViewer as winners of the 2023 Alexander Hamilton Small Company Excellence Awards.
  • Learn how these small treasury teams leveraged technology and modernized processes to better support rapidly growing businesses.
  • Understand opportunities for even modest-sized organizations to significantly improve their treasury operations.

 

NWR, Inc. provides innovative hardware to the blood plasma collection industry. The company was growing and needed to streamline its legacy manual and spreadsheet-based approach to treasury. Deploying a new software solution and establishing direct connectivity to the company’s banking partners greatly reduced the manual touchpoints in NWR’s treasury processes. The treasury group gained much more visibility into cash flows, and the automation built into the new treasury processes gives staff time for more value-added activities in support of the growing business.

Since TeamViewer was founded in 2005, its software, which allows for remote control of all kinds of equipment, has been installed on more than 2.5 billion devices worldwide. Like NWR, TeamViewer struggled with one side effect of this growth: Some manual and inefficient treasury processes were difficult for a staff of two to manage. The company deployed the TIS payment hub and connected it to a new Microsoft Dynamics ERP system. Not only did this free up a great deal of time for the lean treasury team, but TeamViewer now has daily visibility into more than 96% of its cash, vs. 33% a year ago.

 

Speaker:

Meg Waters (Moderator) | Editor in Chief | Treasury & Risk

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