Nestle has won the Gold Awards in the 2020 Supply Chain Finance Awards. Despite 2020 being a difficult year, the standard of entries for 2020 SCF awards remained ‘reassuringly high’, according to the judges. Nestle’s efforts to combine supply chain financing with environmental, social and corporate governance (ESG) financing caught the judges’ eyes this year, [...]
Category: SCF Innovation Winner: Earnd – Greensill The 2020 SCF Innovation award is presented to Earnd – an Australian tech company acquired by supply chain finance provider Greensill earlier this year. The start-up was founded in Australia in 2018 with the aim of helping people access the money they have earned as soon as possible [...]
Category: FMCG Food & Beverage Winner: Nestle Partner: CRX Markets Summing up: A programme that expands the use of supply chain finance into environmental, social and corporate governance (ESG) financing by providing financial incentives to suppliers to meet certain criteria What the judges said: The "add-on" environmental, social, and corporate governance (ESG) is an interesting and [...]
Category: Manufacturing & Industrial Winner: Richards Bay Minerals Partner: Addendum Financial Technologies Summing up: A programme designed to meet a strategic goal of extending payment terms to support business growth while ensuring the company stood by its responsibilities to the local rural economy. What the judges said: “The accessibility to that programme for all suppliers (no matter of the size) [...]
Category: Manufacturing & Industrial Highly Commended: Volvo Car Corporation Partner: PrimeRevenue Summing up: A supply chain finance platform that has high levels of supplier engagement without pushing DPO rates to extremes. What the judges said: “Reaching and keeping the DPO rate to 74 days demonstrated the aim of providing access for Volvo's suppliers to liquidity without maximising its working [...]
Category: Transport & Logistics Highly Commended: Knorr-Bremse AG Partner: Trade Information Network and Deutsche Bank Summing up: A corporate which strives to push the boundaries of supply chain finance further upstream with its involvement in a new multi-bank multi-corporate digitised network What the judges said: The aim for continuous improvement with the recent "full automation" via [...]
Category: Transport & Logistics Highly Commended: Knorr-Bremse AG & Roche AG Partner: Trade Information Network Summing up: An innovative collaboration between two companies from different industries working together to benefit from a new multi-bank, multi-corporate digitised network. What the judges said: “The aim for continuous improvement with the recent "full automation" via the Trade Information Network makes this [...]
Category: Retail and Apparel Highly Commended: Asian Paints Summing up: A distributor finance programme to support a company’s supply chain ecosystem - providing finance to a wide range of traders, including small companies with limited access to affordable conventional sources of finance What the judges said: “Entrepreneurial in difficult emerging markets” Key Facts: First distributor finance programme associated [...]
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 [...]
