|Ernst & Young||Next Challenge: What would make Sonic the ultimate wing destination?|
For companies of all sizes, cash management is an important issue that must be handled in the right way to help promote growth and stability. Cash management refers to a broad area of finance involving the collection, handling, and usage of cash. It often involves assessing the company’s market liquidity, cash flow, and investments
To view a list of commonly used cash management services used by corporations click here.
We feel that technology is a tool that could be used effectively to help almost every company grow through effective cash management. Several factors make this area of finance ripe for innovation, including the high frequency of similar transactions, the large volume of data, and the analytics available within both the the individual corporation and the entire financial market.
1) What aspect of cash management would you focus on improving? Why?Scoring Criteria:
2) How could technology improve this service or function?
3) How would this technology work? Describe any inputs/outputs necessary.
4) What would the expected impact be for the corporation?
Your responses will be scored based on creativity, evidence from the financial world supporting your logic, and the feasibility of your technology. We suggest spending most of your time on deliverable #2 and #3.
|Top 10% share $1,000||Next 15% share $400||Next 25% share $200|
|$166.70||Lawrence Huynh Georgia Gwinnett College|
|$166.70||Trevor Walker Georgia Gwinnett College|
|$166.70||Matthew Gaiser Queen's University|
|$166.70||Siranjeevi D National Institute of Technology Trichy|
|$166.70||Miles White University of South Florida|
|$50.00||Francis Daniel Santia Harvard University|
|$50.00||Mandeep Patel University of Texas at Austin|
|$50.00||Marcus Horn Carnegie Mellon University|
|$50.00||jmcdani2 Georgia Gwinnett College|
|$50.00||Jackson Harris Georgia Gwinnett College|
|$50.00||Joe La Bonte California State University, East Bay|
|$14.30||Eric Lee Washington University in St. Louis|
|$14.30||Micheal Buchanan Georgia Gwinnett College|
|$14.30||Desiree White Georgia Gwinnett College|
|$14.30||Nick Frazier Georgia Gwinnett College|
|$14.30||Lucile Fergile Georgia Gwinnett College|
|$14.30||Jessica Moore Georgia Gwinnett College|
|$14.30||Soha Mohamed California State University, East Bay|
|$14.30||Robert S Cinnamon Virginia Community College System|
|$14.30||Haley Macwell Contra Costa Community College District|
|$14.30||tfries California State University, East Bay|
|$14.30||Janelle Simmons Liberty University|
|$14.30||Marcus Arellano New York University|
|$14.30||Brady Shoppe Georgia Gwinnett College|