Global Finance Names the World’s Best Treasury & Cash Management Providers 2013

TCM13 PR

NEW YORK, January 18, 2013 Global Finance magazine has released its rankings for the Best Treasury and Cash Management Banks and Providers by category and region to be published in an exclusive survey in the March 2013 issue.


We have selected an overall global winner and an overall global winner for the Best White Label Service Provider category. We have also selected regional winners in North America, Western Europe, Central and Eastern Europe, Asia, Latin America, Middle East, Africa and the Nordic region. Additionally in each region, winning banks have been selected across four categories encompassing payments and collections, liquidity and risk management, and money market funds.


Global Finance editors — with input from industry analysts, corporate executives and technology experts, —selected the best providers of treasury and cash management services. A variety of subjective and objective criteria were used for choosing the winners. Factors considered include: profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management providers have successfully differentiated themselves from their competitors around core service provision. In addition, for the first time, a poll of Global Finance ’s corporate readership was conducted in order to increase the accuracy and reliability of the results.


Awards submissions we received this year continued to reflect the changing global landscape for treasury and cash management services. There is increasing competition between regional, domestic and global cash management providers. Developed market banks face increasing competition from regional players in Asia and the Middle East—and, to a lesser extent, other emerging markets. Competition among treasury and cash management providers in North America is also increasing, with a number of providers stepping up their investment in solutions for treasurers in that region.


In recognition of the growing role of treasury technology providers, both bank and non-bank, we have also selected Best Treasury Management Systems & Services providers across 19 categories, including a number of new categories. “In the current volatile global economic environment, treasurers need the best tools and advice available to make capital work harder than ever,” says Global Finance publisher Joseph D. Giarraputo. “Our awards identify the banks and providers of products and services that consistently improve transaction processes to speed collections, cut costs and reduce risks.”

An Awards Ceremony for all winners will be conducted at the same time as the September 2013 SIBOS conference in Dubai, UAE. More details to follow. For more information please contact: Katharine Frey, email: kfrey@gfmag.com or phone: 212-524-3212

Global Winners
Best Overall Bank for Cash Management: Citi
Best White Label System Provider: BNY Mellon Enterprise Treasury Services

Regional Winners
Best Overall Bank for Cash Management
North America Bank of America Merrill Lynch
Western Europe Deutsche Bank
Asia HSBC
Latin America Citi
Nordic Region SEB
CEE UniCredit
Africa Standard Bank
Middle East HSBC
Best Bank for Liquidity Management
North America Bank of America Merrill Lynch
Western Europe RBS
Asia Standard Chartered
Latin America Citi
Nordic Region SEB
CEE RBS
Africa Standard Chartered
Middle East Standard Chartered
Best Provider of Money Market Funds
North America J.P. Morgan Asset Management
Western Europe DB Advisors
Asia J.P. Morgan Asset Management
Latin America Santander
Nordic Region Nordea
CEE Raiffeisen Bank International
Africa Standard Bank
Middle East Banque Misr
Best Bank for Risk Management
North America J.P. Morgan
Western Europe Deutsche Bank
Asia Citi
Latin America Citi
Nordic Region Nordea
CEE Raiffeisen Bank International
Africa Citi
Middle East HSBC
Best Bank for Payments and Collections
North America Wells Fargo
Western Europe Deutsche Bank
Asia HSBC
Latin America Citi
Nordic Region Danske Bank
CEE UniCredit
Africa Standard Bank
Middle East Abu Dhabi Commercial Bank

Best Treasury Management Systems & Services Providers
Accounts Payable Services BNY Mellon SourceNET
Accounts Receivable Services SunGard AvantGard Recivables
Electronic Invoice Presentment and Payment Services Basware
Payroll Services ADP
Corporate Cards and Expense Services Provider Visa
Multichannel Payments Services/Solutions Clear2Pay
Loss Prevention/Business Continuity Services Provider IBM Business Continuity and Resiliency Services
Pension Plan Administration Services Mercer
Treasury Workstation Provider SunGard AvantGard
Hosted TCM Solution SunGard AvantGard
Software-as-a-Service (SaaS) Offering Kyriba
ERP Solution SAP
SWIFT Utility Access Fundtech
Cash Forecasting Kyriba
Treasury Analytics Bank of America Merrill Lynch CashPro Accelerate
Best Corporate Risk Management Solution Reval
TCM Consultancy Services Ernst & Young
Most Innovative New Solution SAP Financial Services Network
Best Mobile Solution Provider Wells Fargo

An Awards Ceremony for all winners will be conducted at the same time as the October 2012 SIBOS conference in Osaka, Japan. More details to follow. For more information please contact: Katharine Frey, email: kfrey@gfmag.com or phone: 212-524-3212