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2023 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 use of Supply Chain Finance

This year’s Gold Award goes to Germany-based e-commerce company Otto Group for a truly stand-out supply chain finance (SCF) programme that demonstrates creativity, rigour and...

Highly Commended: Best use of Payables Finance

Royal Cosun, a Dutch agricultural cooperative owned by over 8,000 sugar beet growers, was Highly Commended for its solid execution of a classic supplier finance...

Winner: Best use of Payables Finance

Finland’s Metso Oyj has won the Best Use of Payables Finance award for a sustainable programme that combines financial incentives and practical guidance to help...

Winner: Best use of Receivables Finance

Agricultural machinery manufacturer AGCO won this year’s Best Use of Receivables Finance award for a complex multi-jurisdictional deal that combined securitisation, factoring and receivables insurance...

Winner: Best Cash Forecasting Initiative

The Best Cash Forecasting Initiative award goes to multinational publishing and education company Pearson for implementing at top speed a Citi-led solution that has already...

Winner: Working Capital Champion

Currently Vice President for Supply Chain Finance, Americas Region at Siemens, Schoch co-developed the German technology giant’s game-changing supply chain finance (SCF) programme over 15...

Winner: Working Capital Innovation Award

The Working Capital Innovation Award goes to a trio of companies – Robust International, Orbian and Evolution Credit Partners – for a unique collaboration that...

Winner: Best use of Technology for a Working Capital Project

The award for Best Use of Technology for a Working Capital Project went to The Boohoo Group for a truly end-to-end early payment solution that...

Winner: Best Working Capital Funding Solution

The Best Working Capital Funding Solution award went to SunExpress Airlines for pulling off the airline industry’s first export credit agency (ECA) guaranteed financing for...

Winner: Best Integrated Working Capital Project

The award for Best Integrated Working Capital Project went to Zalando for transforming its invoicing and payments processes with an automated and interconnected solution that...

Highly Commended: Best use of Supply Chain Finance

South Africa’s Omnia Fertilizer was Highly Commended by judges for a uniquely flexible supply chain finance (SCF) solution that strengthened the company’s relationship with suppliers...

Highly Commended: ESG Working Capital Initiative

No stranger to ESGHaving launched a $5 billion ESG-linked bond in 2021, Teva was no stranger to sustainability initiatives. But the Israel-based pharmaceuticals company also...

Winner: Best Integrated Working Capital Project

Japanese tyre manufacturer Bridgestone secured the Best ESG Working Capital Initiative award for demonstrating the scalability of sustainable supply chain finance (SCF) with the rapid...