Cashforce client Dawn Foods wins TMI award for Best Working Capital Solution
Dawn Foods has won the 2019 Corporate Recognition Award for Best Working Capital Solution from TMI together with Cashforce as its main tool driving the project. The key driver in this year’s TMI awards was digital disruption in treasury innovation. This year, a record number of nominations were submitted by financial departments in a variety of industries. The award ceremony was attended by Cashforce & Dawn Foods on Thursday January 30th in London.
How did Dawn Foods win?
The global B2B supplier of baking ingredients with multiple entities and finance departments has received this recognition because of its change-management program towards a cash-oriented company. By providing the right technology that provides 24/7 insights and tailored simulations in combination with an unmatched cross-departmental cooperation, Dawn Foods was able to build a bridge between its finance department and the rest of the departments, thus reducing complexity and increasing visibility and insights.
“Cashforce makes Finance a better business partner”
Bart Messing – European Treasury Manager
This impressive project has led to millions of dollars saved since it was set up (over a three-year period). The newly freed-up cash has been used to finance a strategic acquisition.
Interested parties can read more about the case study here.
Full details about the event can be found at https://www.treasury-management.com/awards/.
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