A consortium of technology firms and banks is piloting a trade finance solution based on distributed ledger technology after a successful proof-of-concept.
Fintech group TruFin raised £70m and floated on London’s AIM market. The SCF, invoice finance and dynamic discounting firm is valued at almost £210m.
Asset management firm Pemberton has appointed Phil Ashdown to develop investment strategies in trade receivables and SCF for institutional investors.
Chinese technology and finance group Dianrong is partnering with two finance industry bodies in Dalian, northeast China, to develop the city’s fintech economy.
Five companies were short-listed out of the global field of entry for the 2017 Supply Chain Finance Awards but it was the submission by Metso Corporation that stood head and shoulders above the rest – earning the company the coveted Gold Award. In offering suppliers a combination of early payment solutions, Metso was truly demonstrating [...]
Category: Manufacturing & industrial Winner: Metso Corporation Summing up: Metso offered multiple solutions to ensure that suppliers' needs were met. A combination of a standard supply chain finance programme and dynamic discounting allows Metso to capture the whole spend curve – not just a part of it. What the judges said: “The combined solution of [...]
Category: Manufacturing & industrial Highly-commended: Mann & Hummel Summing up: A long-established programme continues to grow and deliver results as Mann & Hummel itself grows through acquisition and expansion. What the judges said: “An impressive story with clearly quantifiable results. A thoroughly successful SCF model that shows convincing growth rates.” Key facts: After four years [...]
Category: FMCG, Food & Beverage Winner: Conagra Brands Summing up: An SCF programme that has been praised by suppliers and allowed Conagra Brands to achieve 78% of its three-year working capital goals within less than 12 months. What the judges said: “A convincing success story! The thoroughly-committed cross-functional team was a success factor.” Key facts: [...]
Category: FMCG, food and beverage Highly-commended: Nestlé Summing up: The partnership between Nestlé and CRX Markets allows the company to work with its relationship banks in a way that lowers the total cost of ownership for suppliers while strengthening Nestlé’s supply chain. What the judges said: “A success rate of 100% in supplier onboarding is [...]
Category: Transport and logistics Highly-commended: Affiliated Hospital of Qingdao University Summing up: Lower purchasing costs, reduced risks and easier access to cheaper finance created a multi-win supplier ecosystem for this large Chinese hospital. What the judges said: “This programme has a very positive social impact as it reduces risks in the financial ecosystem of the [...]