The EACT is delighted to launch the second edition of the EACT award. Each of our 23 national treasury associations members can nominate one outstanding treasury project from within their membership for this award. A jury will shortlist nominees, with Treasurers voting to designate the winner in June 2021. The 2020 award went to JTI for its use of data science for cash flow forecasting.
With this award, the EACT wants to celebrate achievements that advance development of treasury, inspiring treasury professionals to excel.
Development is broadly defined as a positive evolution that can result from innovation, contribution to sustainable growth, or the setting of standards for best practices.
Projects comprising an implementation period between 19 February 2020 and 16 April 2021 are eligible to apply for the award. Your national treasury association will share further details on the local submission and selection process within the coming weeks.
The jury will assess the nominees based on the following criteria:
| 1 | Innovation | Do new things or do classic things in a new way |
| 2 | Reach | The project could be implemented in many geographies/ sectors |
| 3 | Environment, Social & Governance | Contribute to make the world a better place |
| 4 | Excellence | Aim at perfection |
| 5 | Economics | Achieve monetary benefits, risk-adjusted |
| 6 | Inspiring | The 'wow' factor |
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Since the UK has remained part of the Single Euro Payments Area (SEPA) scheme, some banks and corporates were not too worried about Brexit from a payments’ perspective - as the cheap and efficient handling of payments seemed guaranteed. However, some banks have seized the opportunity to increase fees for payments to and from the UK.
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We are delighted to announce Deutsche Bahn as the winner of the 2021 EACT Award for the company's impressive Digital Treasury project. We'd like thank all participants for their entries.
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Treasurers are dealing with stress like never before, perhaps, but then they were always used to being put under pressure, surely, and should be able to cope fine with a bit of lockdown, right?
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