ASAA 2022 Citi Yearbook

Overall Winner Treasury Today Asia’s Top Treasury Team 2022 Infosys Ltd Sachin Chougule, Associate Vice President, Finance & Treasurer active partner in the company’s robust capital allocation policy execution and has efficiently executed large buy-back programmes and periodic dividend pay-outs. Best in the industry risk management, treasury resilience and automation – to ensure Infosys treasury becomes a centre of excellence, all the above objectives are being pursued around a base of digitised treasury operations at Infosys. A package of treasury solutions across all the core treasury area has been implemented during the last 12-18 months such that treasury operations are digitised and automated, systems and processes are stronger, and manual intervention is minimised. Infosys is well prepared for any future unfavourable events like the Covid-19 pandemic. Agility and operational resilience – the global pandemic and the harsh multiple lockdowns in various countries globally required a highly agile response from the team to the ever-evolving business and regulatory environment. The team not only demonstrated its agility and resilience during this phase, but also ensured treasury operations are future proofed for any future disruption through a series of automation initiatives. Partnership approach – any strategic change can be disruptive and consequently requires extensive engagement across internal and external stakeholders. Above all, the team’s ability to navigate and align with multiple stakeholders (banking, business finance, accounts receivable, finance, legal, tax, etc.) through its partnership-driven approach is the bedrock of its continued success. Key benefits: • Cost savings. • Process efficiencies. • Increased automation. • Risk mitigation. • Improved visibility. • Reduced manual intervention. • Increased system connectivity. • Future proof solution. Conclusion The Infosys treasury team is known for setting the standards for best industry practices and their continued efforts over the last 12-18 months demonstrate this, both in terms of objectives achieved and the ability to turn challenges into opportunities. The team has become a trusted centre of excellence within Infosys through its partnership led approach on various new initiatives around operational resilience, liquidity management, currency risk management and working capital efficiencies. With a footprint across 50+ countries globally and exposure to numerous currencies, many of which are complex and restrictive in nature, the team has not only successfully navigated various risks posed by the Covid-19 pandemic, but also future-proofed its operations for the coming years. The team’s proactive efforts in engaging internal and external stakeholders, including extracting maximum value from its core banking relationships, truly demonstrates the agility and resilience of Infosys as a publicly listed company. “Our treasury team is one of the best in class in the country, demonstrated by a consistent performance across multiple parameters – effective hedging strategies insulating the financials from the negative impact of currency fluctuations, optimised yields in a low interest regime and significant reduction in working capital while the revenues have grown consistently. All of this has been achieved by a highly talented and experienced team with effective use of technology and automation. I commend the treasury team for their incredibly long streak of positive contributions,” – Mr Sunil Dhareshwar, Senior Vice President, Finance – Global Head of Corporate Treasury, Tax, Corporate Accounting, Infrastructure & Facilities. Treasury Today agrees and we congratulate the Infosys Treasury Team on being awarded Top Treasury Team in 2022. Infosys Ltd is an Indian multinational, a global leader in next generation digital services and consulting information technology company that enables clients in more than 50 countries to navigate their digital transformation. With a footprint across 50+ countries and over 330,000 employees, Infosys Ltd is India’s second largest IT services company with revenues of over US$16bn. treasurytodayasia Adam Smith Awards Asia © February 2023 | 5