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 helped it reduce its borrowings by over $100 million, despite higher interest rates and volatile market conditions.

Judges said the software-as-a-service solution – a fully functioning prototype of which was built by fintech TIS in under 30 days – demonstrates how better forecasting can deliver tangible funding advantages for companies. They also noted that by improving the accuracy and granularity of Pearson’s forecasting, the solution enabled the company to adapt its business behaviour quickly to a changing environment.

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