Mumbai, Jan 6 : Amway India, a direct selling company and a wholly owned subsidiary of Amway USA, has been awarded the overall winner of the Judges' Choice Award in the Adam Smith Awards Asia 2016.
This is the 4th Adam Smith Award won by Amway India in the last 3 years.
The Adam Smith Awards are recognized globally as the ultimate benchmark for achievement in corporate treasury. In 2016, more than 200 nominations were submitted across the Asia Pacific region with every major country and territory of the Asia-Pacific region represented.
Speaking on the occasion, K.V Hariharan, Senior Vice President - Finance, Amway India said, Our endeavor has been to implement best in class treasury practices and we are delighted to have achieved the hat trick. We will continue to further innovate the treasury processes at Amway India.
Bikash Mukherjee, Treasury Head, Amway India said, We have implemented robust mechanisms to support our business and make online payments to the many thousands of Amway distributors on a month to month basis. This recognition will drive us further.
Amway India 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.
The treasury team at Amway also won the most prestigious award by The Asset, Asias 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 best in class Host to Host integration in JDE.