#Boston #Stanford University #AFP 2025 #UniRev

Stanford University’s Major Win at the AFP 2025 Pinnacle Awards

Stanford University has achieved a remarkable milestone by winning the prestigious AFP 2025 Pinnacle Awards Grant Prize for excellence in treasury and finance. This significant honor, sponsored by Truist, highlights Stanford’s commitment to delivering innovative financial solutions and enhancing operational efficiency.

Presented at the AFP 2025 conference held in Boston, Massachusetts, the Pinnacle Awards recognize outstanding treasury and finance teams and their contributions to the sector’s advancement. The Grand Prize winner is determined through a vote by industry professionals who assess the impact and innovation behind various submissions. Stanford's noteworthy project, UniRev©, stood out among competitors, earning not only the award but also a $10,000 donation to the charity of the university's choice as part of the prize.

UniRev©: A Groundbreaking Financial Platform

Stanford University’s success can be attributed primarily to its development of the UniRev© payment platform. This state-of-the-art system modernizes the transaction processes for over 300 campus merchants, making it easier for them to manage their finances securely and efficiently. UniRev© automates several key operations that were traditionally cumbersome, leading to improved compliance and efficient management of merchant services across various departments.

The impactful financial results of UniRev© are already apparent. The platform has generated annual savings exceeding $1.3 million while simultaneously restoring confidence in the university's central finance operations. This level of efficiency not only streamlines Stanford’s own financial transactions but also serves as a template for other institutions and nonprofits seeking to modernize their treasury functions.

Expanding the Impact

In addition to the direct benefits to Stanford, UniRev© is designed to integrate seamlessly with the university's existing branding and backend systems, enabling scalability across a diverse array of users. This adaptability means that other universities and nonprofit organizations can license the platform, extending its innovative capabilities beyond Stanford’s campus and contributing positively to the broader financial community.

Pat Culkin, President and CEO of AFP, expressed pride in Stanford’s achievement, stating that their solution is transformative, inspiring the treasury and finance sectors. “Transforming not only its own processes but also those of other organizations, Stanford's forward-looking solution is an inspiration to the broader treasury and finance community,