Microsoft is the 2013 winner of the EuroFinance Annual Award for Treasury Excellence which recognises innovation and best practice in international treasury.
Microsoft treasury has long ranging plans on how all manner of risks will impact its balance sheet – from the global economy and regulation through commodities all the way to data.
“It’s a great story of treasury-led strategy,” says Katharine Morton, Editorial Director at EuroFinance and chair of the judging panel. “We were particularly impressed by how the treasury team has used technology to become a real strategic partner to the business by gaining clear sight of all macroeconomic, counterparty and operational risks and how to mitigate them.”
“The ability to mine the big data we already have in treasury, in a fast, effective and visual manner with drill down capability has been key to connecting the dots between various data points to quickly paint a picture of global risk. Measuring and mitigating [risk] in a way that allows the business leaders to navigate successfully has been our focus,” says George Zinn, CVP and Treasurer of Microsoft Corporation.
“We leveraged Microsoft Power View, SQL Server, SharePoint and Cloud services to deliver powerful dynamic business intelligence to navigate risk and drive value-add to the company," adds Anita Prasad, GM of Treasury Capital Management.
EuroFinance also awarded highly commended honours to Astra Zeneca, Dassault Systèmes, Gilead and Toyota Financial Services.