Supplier finance providers are tapping into a wealth of data to offer funding to suppliers earlier and faster than ever before, according to the panellists at the latest online event from the Supply Chain Finance Community. The session, entitled New ways to finance SMEs: How data is driving a fresh approach, gave the first look [...]
Indian retail and apparel giant Aditya Birla has onboarded more than 500 suppliers to an early payment programme it launched at the start of the Coronavirus pandemic. Rahul Desai, SVP Treasury, said the use of a two-page early payment agreement, coupled with the ability of DBS bank to extract KYC data directly from the company’s [...]
Webinar report: The world after COVID-19 – how global supply chains are being digitised faster than ever
More than three-quarters of companies have accelerated plans to digitise trade and supply chain finance processes, according to a poll of participants in the latest SCF Community webinar. 76% of respondents said their plans had been brought forward, with 16% saying they hadn’t changed. That audience view was echoed by the opening speaker, Viktor Elliot [...]
The Covid-19 crisis means many smaller businesses are desperate for the liquidity offered by supplier finance, but access to funding may become difficult. Rewatch the webinar at the bottom of the page ‘We’re seeing more and more reports talking about double-digit GDP drops,’ says Michiel Steeman, executive director of the SCF Community, as he kicked [...]
The shortist for the 2019 Supply Chain Finance Awards has been announced, ahead of the presentation ceremony at SCF Forum Europe in Amsterdam on 28th November.
SCF is a competitive advantage for Siemens, as delegates at the first-ever SCF Forum Americas heard. SCF Briefing reports from USC Marshall in Los Angeles.
Rabobank is the new exclusive sponsor of the Supply Chain Finance Awards, the global competition for SCF excellence organised by the Supply Chain Finance Community.
A record attendance at SCF Forum Asia 2019 demonstrates how the appetite for supply chain finance has grown in the region. SCF Briefing was there.