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2022 Award Winners

The very best examples of working capital management in action.

Gold Award Winner

Winner: Gold Award for Best Working Capital Programme
Winner: Best ESG Working Capital Initiative
Highly Commended: Best Use of Payables Finance
Highly Commended: Best use of Technology for a Working Capital Project

A supply chain finance programme that simultaneously helps the buyer meet carbon emission reduction targets while providing its suppliers a means of accessing better financing...

Winner: Best Integrated Working Capital Project

A company-wide project that placed working capital management at the heart of Teva’s financial strategy, focusing on improving Days Payable Outstanding (DPO) and optimising payment...

Winner:  Best use of Supply Chain Finance

A multi-buyer supply chain finance programme for Pepco’s suppliers in Asia-Pacific and Europe. Pepco is a chain of discount shops with operations across Europe offering...

Winner: Best Use of Receivables Finance

Long-tenor insurance backed receivables purchasing solution for global IT services company. HCL Technologies is the third largest IT services company in India with a turnover...

Winner: Best Working Capital Funding Solution
Highly Commended:  Best Use of Supply Chain Finance
Highly Commended: Best ESG Working Capital Initiative

A large multi-bank SCF programme in Africa designed to support small and emerging businesses that are integral to the buyer’s supply chain. Pick n Pay...

Winner: Best use of Technology for a Working Capital Project
Winner:  Best Cash Forecasting Initiative
Highly Commended: Best Working Capital Funding Solution

A company-wide initiative that used technology to improve both cash flow forecasting and working capital performance. Kellogg’s is a world-renowned producer of breakfast cereals and snacks...

Winner: Best Use of Payables Finance 
Highly Commended: Best Integrated Working Capital Project
Highly Commended: Best Use of Technology for a Working Capital Project
Highly Commended: Best Working Capital Funding Solution

A digital early payment and SCF programme designed to support Turkish suppliers manage high inflation. Arçelik is a global manufacturer of household appliances headquartered in...

Highly Commended: Best Use of Receivables Finance

A fixed interest rate SCF programme designed to protect suppliers from sudden hikes in global rates. Krispy Kreme is a US-based doughnut brand – famous...

Highly Commended: Best Use of Payables Finance 

A sustainability-linked supply chain finance programme designed to help reduce the carbon footprint of the upstream supply chain.  Henkel is German multinational producer of chemicals...

Highly Commended: Best ESG Working Capital Initiative

An IFC-backed supply chain finance programme to incentivise developing country suppliers to meet certain sustainability standards. Switzerland-based Barry Callebaut is a leading manufacturer of chocolate...

Winner: Working Capital Champion

The award for Working Capital Champion 2022 goes to Thomas Dunn, chairman at Orbian, for his consistent  advocacy of the benefits of supply chain finance when...

Winner:  Working Capital Start-Up

A tech start-up that has become an important player in the provision of channel finance and accounts receivable financing in the IT industry. WeFi Technology...

Winner: Working Capital Innovation Award

A platform harnessing analytics and artificial intelligence to calculate optimum payment terms between trading partners. The US-based fintech Calculum launched its data-as-a-service platform known as...