Category: FMCG Food & Beverage Highly Commended: Henkel Partner: Taulia Summing up: A well-received SCF programme that coupled the introduction of streamlined automated invoice processing with the ability to offer early payment on supplier invoices. What the judges said: The participation rate and the handled volume is very impressive! The concurrent transformation from paper to electronic [...]
Category: Retail and Apparel Winner: Co-operative Group Summing up: A SCF platform created to be more inclusive than previous legacy programmes – ready to support a wider range of suppliers just as the Covid-19 crisis hit. Partner: PrimeRevenue What the judges said: A swiftly-implemented, ethically-driven SCF programme created to ensure more suppliers had access to cash when [...]
Category: Manufacturing & Industrial Highly Commended: Haier Summing up: A supply chain finance programme that demonstrated how distributor finance can be added on to an existing platform and used to keep a corporate’s distributor network in business during a time of crisis. What the judges said: “The multi-bank programme structure helps keep financing costs at competitive levels and also [...]
Category: SCF Leader of the Year Winner: Pietro Solazzo, Knorr-Bremse Entry: The SCF Leader of the Year award for 2020 goes to Pietro Solazzo, corporate treasurer at Knorr-Bremse. Solazzo has been at the forefront of developments in supply chain finance, pioneering financing techniques at Knorr-Bremse well ahead of the competition since joining the German manufacturer of rail and [...]
Category: Transport & Logistics Winner: JK Tyre & Industries Summing up: A supply chain finance programme featuring speedy, efficient, and flexible on-boarding processes that facilitated the involvement of small rural suppliers with minimal financial records What the judges said: A proactive approach and [the programme’s] flexibility makes this a good story. The supplier onboarding was a [...]
Three lessons have emerged from research into almost a decade of supplier finance data, according to TUM’s Professor David Wuttke. Speaking during the SCF Community’s latest online event, sponsored by Orbian and entitled What's driving supplier finance? The real data behind supplier adoption, he distilled his research findings into these core elements: Smaller suppliers adopt [...]
Using supply chain finance to support suppliers has been standard practice for multinationals for years - but using similar tools to deliver finance to the distribution channel is still a relatively new phenomenon. In the latest webinar from the Supply Chain Finance Community, sponsored by DBS Working Capital Advisory, four expert speakers gave almost 300 [...]
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 [...]
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 [...]
