Amway India, the country’s leading direct selling company and a wholly owned subsidiary of Amway, USA, has been awarded the Highly Commended Winner of the Best Solution in India category at the 2017 Adam Smith Awards Asia, held in Singapore. This is the 5th Adam Smith Award won by Amway India in the last 4thyears.
Running for the 10th consecutive year, the Adam Smith Awards Asia are the ultimate industry benchmark for achievement in corporate treasury. In 2017, more than 200 nominations were submitted spanning 30 countries from the Asia-Pacific region. Last year, Amway completed a hat trick of Adam Smith Asia Award by being rewarded the overall winner of the Judges’ Choice Award 2016.
“We are pleased to receive this recognition at a global platform. This award is a testament to our constant endeavor in improving our internal treasury process to serve our stakeholders in the best possible manner.Adam Smith Award Asia will further motivate us to keep striving for the best.” said Mr. K.V Hariharan, Senior Vice President - Finance, Amway India said
“Amway India has a philosophy to innovate in order to improve productivity and efficiency across all areas of business including treasury. 95% of sales transactions being processed electronically is a testimony of our efforts in this direction. We are delighted to be rewarded with the esteemed Adam Smith Award Asia. Such recognitions reinforce our belief and further encourage us to accomplish greater goals.” Said Bikash Mukherjee, Associate Vice President and Treasury Head, Amway India, said
Previously, Amway India has received Adam Smith Award for 'Best in Class benchmarking' in 2014 and ‘Best in Class Benchmarking' & 'Best Corporate and Social responsibility initiative' for the year 2015 and the overall winner of the Judges’ Choice Award in 2016. The treasury team at Amway also won the most prestigious award by The Asset, Asia's leading finance magazine, for 'The Best Electronic Banking Implementation'. The award recognizes the efforts and support provided by Amway to implement the most complex electronic banking solution with the best in class Host to Host integration in JDE.
