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Microsoft awarded for their new solution (Photo: Unsplash)

Microsoft awarded for Best Working Capital Management solution

"Our team recognized a better way to fix and confirm FX trades by eliminating manual work and preparing to use a different SWIFT file format", says Jennifer Chisholm, Treasury Manager at Microsoft.

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Microsoft has initiated an approach where sales, credit, finance and corporate teams jointly create a solution that enables them to manage working capital and risk management and meet the variating needs of the global customers of various industries and sizes, announced Treasury Today. 

Complexity with extended payments globally

When international customers all ask for the option to extend payment terms, it can be challenging on the working capital in the supply chain. To meet the requests of the customers, and concurrently comply with their internal goal, the firm reached out for a banking partner. The request was a companion with the capacity to provide a global offering with local market expertise that could tailor solutions meeting both customer- and internal demands. 

Meeting both customer demand and internal goals with capital management efficiency

The result was a new trade finance solution with the opportunity for customers to extend their payments. This solution helped avoid an administrative burden for the financing and sales team, and increased efficiency and accuracy in the confirmation of foreign exchange (FX) transactions. 

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“Our team recognized a better way to fix and confirm FX trades—by eliminating manual work and preparing to use a different SWIFT file format. With our enhanced configuration of the Reval platform, we seamlessly added new functionality that increased stability of connectivity and drove many efficiencies from the file format change.”, says Jennifer Chisholm, Treasury Manager at Microsoft, in a pressrelease. 

Award winning solution

This summer, Microsoft received the Adam Smith Award. A global recognized endorsement of corporate treasury achievement for this well-tailored working capital management solution. 

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