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Treasury & Risk is thrilled to announce the finalists in our 2025 Alexander Hamilton Awards program.

We will not announce the specific prize (e.g., gold, silver, bronze, honorable mention) that each company won in a particular category until we present the awards for that category, starting in spring 2025. However, we are pleased to announce next year’s Alexander Hamilton Award winners—in alphabetical order within each category:

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Treasury Transformation

This category celebrates projects that have achieved noteworthy success through a major revamp of corporate treasury processes. Centralization or decentralization of the treasury function, outsourcing initiatives, restructuring of treasury to support new lines of business, and staff recruitment or development programs—among other types of projects—fit into this category. Our 2025 finalists are:

  • AIG
  • AMD
  • Creative Artists Agency

Technology Excellence

These awards recognize corporate treasury or finance departments for their implementation of innovative technology solutions that may be developed either internally or externally. Winning projects must be exceptionally creative. They also must solve a major problem, must yield impressive results, and/or must set a precedent for a best practice in treasury or finance. Our 2025 finalists are:

  • American Airlines
  • Cigna
  • Indivior

Liquidity Management

This category is aimed at portfolio management, short-term investing, and cash visibility, as well as debt management and crisis planning to ensure adequate ongoing liquidity. Cash forecasting and cash pooling projects fit into this category. Our 2025 finalists are:

  • AMD
  • Apollo
  • Copeland LP

Financial Risk Management

This category includes innovative solutions in management of risks around domestic or international interest rates, foreign exchange, or commodity prices; the use of derivatives or capital markets to hedge the company’s financial risk exposures; and/or management of counterparty credit risk. Our 2025 finalists include:

  • AMD
  • Bristol Myers Squibb

Working Capital & Payments

This category recognizes innovations related to the collection of incoming payments and the disbursement of outgoing payments, as well as the organizational structure around management of payments and the cash conversion cycle. Our 2025 finalist is:

  • Bristol Myers Squibb

Operational Risk Management & Fraud Prevention

This category encompasses innovative solutions in operational risk management, including risk assessment, identification, mitigation, and/or transfer when protecting a company’s business, property, supply chain, data, employees, and/or reputation. It also covers projects that demonstrate innovation in mitigating the risk of payment fraud, whether via technology, process, staff training, or other means. Our 2025 finalists are:

  • Atlassian
  • Bristol Myers Squibb

We will be recognizing these companies with a series of webcasts and articles throughout 2025. When we present the webcast and publish the articles for a category, we will announce which “color” of award each company in that category has won. We will also delve into the best practices that made these organizations stand out in a field of exceptional projects, and we will garner lessons learned from the innovators themselves. Stay tuned to Treasury & Risk for more information.

Thank you to Erik Smolders, Jean-Francois Heitz, Craig Jeffery, Marie Hollein, and Paul Galloway for reviewing this year’s outstanding crop of submissions and selecting the most innovative to be our 2025 award winners!

And congratulations to all our finalists!

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