Latest News
- Ministry Of Health Refute Rumors On Non-availability Of Antibiot...
- Amir Of Kuwait And Jordan King Renew Commitment To Regional Secu...
- 37 Arrested With Narcotics And Firearms
- Outrage Over Candidate's Arrest
- Six Stores Shut Down In Jahra For Selling Fake Goods
- Peddlers Caught With Drug Pills And Crystal Meth
- PAFN Shuts Down Restaurants And Bakeries Over Violations
- MoI Officer And Lawyer Jailed On Fraud Charges For Bad Cheques
- Thousands Of Bangladeshis Gathered To Pray For Rain
- Kuwait University Symposium Addresses Student Counselors' Role I...
- Kuwait Affirms The Importance Of Group Work In Addressing Common...
- Urgent Call For Kuwaitization: Civil Service Commission Aims For...
Alghanim Industries Wins Adam Smith Awards
Alghanim Industries, one of the largest privately owned companies in the region, was recently recognized at the Adam Smith Awards 2018 on June 21. The awarding ceremony, which took place in the prestigious Plaisterers’ Hall in London, included representatives of more than 60 companies from 35 countries around the world. Representing Alghanim Industries, Richard Quinlan, Corporate Controller, Sonal Gupta, Head of International Accounts and Pramod Bhattiprolu, Senior Manager, Corporate Treasury received the award for the Best in Class Treasury Solution in the Middle East category, for completing the Payment Process Excellence project.
Launched and completed within 12 months without compromising workfl ow, the Payment Process Excellence Project unifies transactions in Alghanim Industries’ 300+ bank accounts, spread across more than 20 business units, with a new system. The new system centralizes all payments securely across different business units of Alghanim Industries, working integrally with built-in systems. Solution This new wide-reaching solution is in line with Alghanim Industries’ ongoing efforts to enhance corporate finance and funding, risk management, governance, and cash management across all its businesses and bank accounts.
Having the new system in place automates processes and creates an easier workflow, improving financial visibility and increasing security throughout the transaction process; in essence, implementing the Payment Process Excellence Project has allowed the company to improve its infrastructure in ways that are groundbreaking to the local market. Robert Etman, Chief Support Services and Chief Financial Officer at Alghanim Industries, said: “We are very happy to be receiving the prestigious Adam Smith ‘Best-in- Class’ Treasury Solution Award. This award is another wonderful achievement and a true testament to the professional skills of our Treasury team at Alghanim Industries. We will continue to pursue the best practices and strive for excellence in the future to ensure delivering the best products and services to our various segments of customers.”
The award is yet another testament to Alghanim Industries’ long record of accomplishments over the past years. Last year, the company was awarded the 2017 Corporate Treasury Team of the Year Award from the Association of Corporate Treasurers (ACT). Treasury Today’s Adam Smith Awards were first introduced 11 years ago, with the aim to highlight the best of corporate treasury achievement of Treasurers, CFOs and Finance Directors. This year’s edition saw hundreds of submissions from 35 countries from around the world competing in 18 categories.
SOURCE : ARABTIMES
Trending News
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Gathering For Eid Al-Fitr Prayers: Kuwaiti Citizen...
10 April 2024
-
Two Expats Are Arrested For Stealing From Salmiya...
17 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Kuwait Airways Resumes Flights To Beirut And Oman...
15 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
-
Temperature Increases Cause Electricity Load Index...
21 April 2024
Comments Post Comment