Improving working capital is a “huge focus” behind Dutch firm Royal DSM’s supply chain finance programme, said Sebastien Leroy, director, finance and control, group sourcing. The chemicals and plastics producer first established its programme in 2010 with just three suppliers and a spend of €150m. By 2017 it had 78 active suppliers covering a spend [...]
Innovations in the use of smart data are set to shake up the supply chain finance market, according to speakers from banks and tech firms at the SCF Forum in Amsterdam. Paul Christensen, founder and chief executive officer at Previse, showcased the company’s payment solution that promises to give suppliers the option of instant payment. [...]
The involvement of procurement played a key role in supporting petrochemical producer Sabic’s hunt for the right supply chain finance programme provider, said Eric Woons, head of cash management at the Saudi Arabian firm. “Procurement was really excited about this,” he told delegates at the SCF Forum in Amsterdam, saying the division had already been [...]
The key drivers for Airbus’s supply chain finance programme were to strengthen supply chain health and improve supplier relationships, collaboration and transparency, said Julie Sis, supply chain funding manager at the aerospace company. Connectivity and automation were important attributes that Airbus wanted, with funding flexibility and ease of supplier on-boarding. They wanted the scheme to [...]
The UK Crown Commercial Service is an executive agency and trading fund of the UK government. Matthew Sparkes, deputy director, leads the financial services category group which is responsible for £3bn of spend on things ranging from credit and fuel cards to insurance and financing solutions. “If we have the money we should pay quickly. [...]
Federico Caniato of Politecnico di Milano and Danny Siemes from PwC explained the latest findings from the annual SCF Barometer, a survey of corporates and their use and views on supply chain finance. This year’s Barometer revealed that 55% of corporates surveyed are running a supply chain finance programme – and in fact 23% are [...]
Competition for the SCF Awards Gold Award was hotter than ever this year but Siemens found itself ahead of the field. The company first established its supply chain finance programme in 2008, since when it has grown to include over 3,000 suppliers in more than 20 countries covering 13 different currencies. Siemens was one of [...]
When Eric Woons, global head of cash management at SABIC, first raised the idea of setting up a supply chain finance programme he met with some resistance.
The Port of Rotterdam and Samsung have joined forces to launch a pilot aimed at replacing paper shipping and finance documentation with blockchain technology.
SCF Briefing spoke to Amit Agarwal, head of open account trade products at DBS Bank, about the growing interest in supplier finance in Asia and how banks should react.