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Igniting Profitability During Takeoff

How the treasury team at Hyundai Capital America partnered with the business to support entry into a completely new line of business.

By Treasury & Risk Staff | Updated on April 21, 2015

Every year the Alexander Hamilton Awards contest draws entries describing terrific projects at some of the world’s top companies. This year, Treasury & Risk presented gold, silver, and bronze Alexander Hamilton Awards in three categories: Cash Management & Liquidity Optimization, Financial Risk Management, and Operational Risk Management. The winners were those whose projects demonstrate leading practices in these specific areas. However, a few entries did not fit neatly into any of the categories. Among these, a project from Hyundai Capital America stood out, and this year’s judges chose to recognize the project with an Alexander Hamilton Awards Honorable Mention.

Hyundai Capital America (HCA) is an automotive finance company that is a wholly owned subsidiary of Korean auto manufacturer Hyundai Motor Group. By 2012, the company had matured into a full-spectrum lender, offering a traditional suite of auto financing products including retail loans, lease financing, and dealer wholesale financing. The treasury function had become very proficient at managing the largely debt-financed business.

But when the company decided to expand into auto-related vehicle protection products, the team realized they needed to work from the ground up to develop a completely different approach to cash management. They needed new technology solutions, new processes, and new financial services relationships in order to optimally support the new business. Treasury & Risk sat down with Frank Boroch, director of investor relations for Hyundai Capital America; Mustally Hussain, senior director of treasury strategy and planning; and Kunal Patel, treasury analyst, to learn more about the project.

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