Nov 23, 2021
Southwire’s treasury department has been recognized by Treasury & Risk Management (T&R) as a 2022 Alexander Hamilton Award recipient in the Risk Management category for its innovative solution to mitigate payments fraud risk.
Southwire is joined by world-class treasury departments, Bristol Meyers and Medtronic, as recipients for the award. T&R will announce the gold, silver and bronze winners for the category in spring 2022.
“Being recognized among these world-class companies in risk management is a milestone toward our governance and strategic growth objectives,” said Christy Wright, senior vice president of corporate finance. “Congratulations to the team across Southwire who contributed to this achievement.”
According to the T&R website, the Alexander Hamilton Award recognizes companies that are taking big leaps forward in treasury, finance and risk management through process innovations and technology implementations.
Southwire’s process innovation offers a proactive approach to fraud prevention, which facilitates a culture of risk awareness and continuous improvement at all levels of the organization.
“Mitigating payment risk is a shared responsibility throughout Southwire. Our solution emphasizes risk awareness and provides tools to empower everyone’s success,” said Scott Paredes, vice president of treasury. “Being recognized as a winner of this distinguished award is a testament to the power of our collaborative approach to driving operational excellence.”
Southwire’s utilization of existing technologies in a new way and the ongoing engagement of stakeholders throughout the organization supports a sophisticated and sustainable solution for safeguarding the company’s assets and sterling reputation.To learn more about Southwire and how the company is continuing to innovate, visit www.southwire.com. For more Southwire news, visit www.southwire.com/newsroom.