July 21, 2021
ADI India recently received recognition with the Triple A – or Asset Asian Award – for “Best Payments and Collections Solution in India” by The Asset, an integrated multi-media company that connects access to the leading financial decision makers in Asia.
The Asset Triple A Treasury, Trade, Sustainable Supply Chain (SSC) and Risk Management Awards are presented annually to companies and financial institutions that have launched or helped implement initiatives in corporate treasury management, trade finance, supply chain and/or risk management. ADI was recognized for its postdated cheque management and cash management solutions.
As a part of ADI's strategic initiatives, the company set up new back accounts for the ADI India business. To improve process efficiencies, the team implemented SWIFTNeT processing for local vendor payments and Net Pay solutions for overseas vendor payments, which no longer required physical documentation to be submitted to the bank. Additionally, ADI India implemented a cheque warehousing solution to improve customer collection efficiency.
"We are extremely proud to receive the Asset Asian Award," said Manoj Kumar, Finance Director, ADI India. "This was a combined effort between ADI and Resideo team members, and the work we've done together significantly improved business efficiencies."
ADI, along with Resideo team members, contributed to these implementations and were recognized with this award.