BETHESDA, Md., Nov. 8, 2021 /PRNewswire/ -- Health Care Service
Corporation (HCSC) has emerged as the winner of the Association for
Financial Professionals 2021 Pinnacle Grand Prize for excellence in
treasury and finance. The Pinnacle Grand Prize, sponsored by MUFG
(Mitsubishi UFJ Financial Group NYSE: MUFG), was presented today
during AFP 2021 in Washington,
DC.
For press-related questions, please contact Melissa Rawak at mrawak@afponline.org.
HCSC's submission centered on treasury becoming more
data-driven, which meant upgrading skills, process efficiencies,
automation, technology, and digital visualization techniques to
better capture treasury data.
In response, HCSC's treasury team underwent a complete digital
transformation. New teams were created, including a dedicated
treasury systems solutions team, expanded forecast teams, and
created enterprise banking service solutions function. Technology
platforms were optimized, while data was centrally organized to
make better decisions.
"AFP is honored to recognize HCSC with the 2021 Pinnacle Award
Grand Prize," said Jim Kaitz,
president and CEO of AFP. "While integrating new technology is no
easy feat, HCSC's solution allowed its treasury team to operate
more effectively as it optimized various technology platforms."
MUFG donated $10,000 to the
charity of HCSC's choice, Bear Necessities Pediatric Cancer
Foundation, a national organization dedicated to eliminating
pediatric cancer and providing hope and support to those who are
touched by it.
"MUFG is proud to partner with the AFP in recognizing innovative
work that drives excellence in treasury and finance," said
Ranjana Clark, head of Global &
Americas Transaction Banking; Bay Area President. "HCSC's
submission demonstrates how a data-driven approach can transform
processes and inform decision-making. We congratulate the HCSC on
receiving the Pinnacle Award and we are pleased to support their
charity, Bear Necessities Pediatric Cancer Foundation, in its
commitment to ending pediatric cancer and to those they serve."
The runners-up for the Pinnacle Award were Bechtel and Micron.
Along with HCSC, these organizations were selected as finalists for
their ability to demonstrate innovative solutions that advance not
only their organizations but also the treasury and finance
profession as a whole.
About AFP®
As the certifying body in treasury and finance, the Association for
Financial Professionals (AFP) established and administers the
Certified Treasury Professional (CTP) and Certified Corporate
Financial Planning and Analysis Professional (FPAC) credentials,
setting the standard of excellence in the profession globally.
AFP's mission is to drive the future of finance and treasury and
develop the leaders of tomorrow through certification, training,
and the premier event for corporate treasury and finance. Learn
more at afponline.org.
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SOURCE Association for Financial Professionals (AFP)