Maersk UAE Wins Euro Award
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Maersk UAE Wins Euro Award

Maersk’s UAE arm gets recognition for ‘treasury excellence’

Maersk UAE has recently won the EuroFinance award for Treasury Excellence 2018.

The prize in the category of ‘Finance Process Transformation’ was awarded for the innovative digital solution – Smart Pay.

Head of Finance for Maersk Line UAE, Oman & Qatar, Nishat Deshmukh (R) receiving the EuroFinance award
Head of Finance for Maersk Line UAE, Oman & Qatar, Nishat Deshmukh (R) receiving the EuroFinance award

The annual EuroFinance Awards are the benchmark for treasury excellence.

Every year, the theme changes to reflect the key trends that have emerged in treasury over 12 months.

According to Eurofinance, this year’s winners have taken the first steps towards building a smart treasury, applied new technology successfully to a core treasury problem and delivered genuine value to the business through innovation.

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Nishat Deshmukh, Head of Finance for Maersk Line UAE, Oman & Qatar, said: “Digital innovation has given us a chance to convert a bunch of transactions into a seamless experience.

“As part of a global effort, Maersk UAE began this journey nearly three years ago, to support the ambition of creating virtual counters that customers could access from anywhere and use any time.

“Hosted on Maersk’s MyFinance online portal, Smart Pay offers a true end-to-end automated process to our customers.”

In addition to the EuroFinance accolade, Maersk received an award from Citibank in January 2018 for embracing digitization and a customer-centric payment process.

In July 2018, we received another award from Treasury Today Adam Smith Awards in the ‘Best AR Solution’ category, for our digital initiatives in the Middle East that place our customers at the forefront.

Maersk Kanoo Emirates LLC (Maersk UAE) is the UAE agency of Maersk, the world’s largest container shipping company.

It functions as the headquarters for the firm’s cluster office, comprising UAE, Oman, Qatar.

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