SCF providers are exploring the potential of artificial intelligence (AI) technology, with some arguing it is a tool capable of taking the market to the next level.
The use of AI in supply chain finance has divided opinion at the SCF Forum Europe this year with industry leaders unable to agree on whether it will live up to the hype surrounding its potential.
Category: Transport and Logistics Winner: Airbus Partner: Taulia Summing up: A large-scale SCF programme designed to be expanded to more than 12,000 global suppliers with the aim of improving the health of the supply chain and provide access to affordable financing. What the judges said: “Very strong case, with significant numbers outlining the financial strengthening [...]
Category: FMCG, food and beverage Winner: Distell Limited Partner: Addendum Summing up: A programme designed to free up cash for Distell’s international expansion while also recognising the funding needs of all its suppliers – regardless of their size. What the judges said: “The testimonials are extraordinary, spanning from small communication agencies to large manufacturing organizations. [...]
Category: Retail & Apparel Winner: Jumbo Supermarkten Partner: C2FO Summing up: An early payment programme founded on the principals of sustainability and social responsibility – with a focus on the financial health of SME suppliers. What the judges said: “Demonstrable impact on payment practices.” “Great accomplishment that the programme has been personally promoted and endorsed [...]
Category: SCF Innovation Highly Commended: FCIreverse – Demica Demica has been highly commended in the SCF innovation category for its FCIreverse solution developed in collaboration with FCI that supports the more seamless on-boarding of suppliers in more than 90 countries. FCI is global organisation for receivables financing and factoring companies. It wanted to offer members [...]
Category: SCF Leader of the Year Winner: Sunil William Mascarenhas – IFC Entry: The SCF Leader of the Year award for 2019 is given to Sunil William Mascarenhas for his work with the International Finance Corporation (IFC) where he held an advisory role and was responsible for launching multiple SCF programmes across key Asian markets, [...]
Category: Manufacturing & industry Winner: SASOL Partner: Taulia Summing up: An automated dynamic discounting programme that allowed Sasol to deploy its surplus cash while more effectively meeting its suppliers’ needs. What the judges say: “Has unlocked substantial value for the company.” “Rapid scaling and decent earnings early into the programme, interesting innovative features.” Key Facts: [...]