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GTreasury Customer American Airlines Named Finalist in 2025 AFP Pinnacle Awards
Globenewswireยท 2025-10-06 12:21
Core Insights - American Airlines has been named a finalist for the AFP Pinnacle Awards, recognizing its innovative treasury technology strategy in collaboration with GTreasury [1][2]. Group 1: Award Recognition - American Airlines is one of three finalists for the AFP Pinnacle Awards, highlighting its exceptional innovation in treasury operations [2]. - The award honors organizations that demonstrate strategic thinking and measurable results in finance [1]. Group 2: Treasury Technology Innovation - American Airlines developed an industry-first Collateral Management System with GTreasury, integrating various financial components into a single platform [3]. - The system enhances management of collateralized debt, fleet management, cash management, forecasting, FX risk management, and investments [3]. Group 3: Operational Impact - The implementation of the Collateral Management System resulted in near-total global cash visibility for American Airlines, increasing from approximately 65% to 99% [4]. - Treasury automation improved significantly from 50% to 90%, allowing the treasury team to reclaim up to 20% of their time for strategic initiatives [4]. - The solution reduced the need for offline components, minimizing manual processes, control risks, and potential errors [4]. Group 4: Company Background - GTreasury provides adaptable treasury solutions for CFOs and Treasurers, designed to address various complexities in treasury management [6]. - The company supports over 1,000 customers across 160 countries, offering comprehensive connectivity across banks and ERPs [6].