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Knorr-Bremse tackles inventory finance challenges

By |December 3rd, 2018|

The German brakes systems and rail equipment provider Knorr-Bremse is “still working on” the challenges of setting up some form of inventory finance programme, said Pietro Solazzo, corporate finance and treasury manager at the company, speaking at the SCF Forum in Amsterdam.

Cameroon energy firm’s unique challenges lead to SCF solution

By |November 30th, 2018|

The Cameroon electricity company ENEO now has minority state ownership after its 2014 partial takeover by Actis. But the company has been suffering financially because of a number of challenges. These include the need to make substantial investments to bring electricity to more of the central African country’s people, explained Brigitte Konso Epse Yanda and [...]

“The environment is changing”: Kuehne + Nagel’s SCF driver

By |November 29th, 2018|

“We started this because we realised the environment is changing,” said Roger Sutter, head of treasury and working capital at Kuehne + Nagel. “We wanted to provide our suppliers with an early payment solution which is fast and convenient.” He added: “SCF is all about speed. It’s about getting money as quickly as possible to [...]

Royal DSM prioritises working capital in SCF programme

By |November 29th, 2018|

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 [...]

Smart data set to shake up supply chain finance

By |November 30th, 2018|

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. [...]

Sabic’s SCF tender process boosted by procurement buy-in

By |November 30th, 2018|

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 [...]

Airbus seeks to strengthen supply chain with SCF

By |November 29th, 2018|

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 [...]

Public sector SCF: a case study from Crown Commercial Service

By |November 29th, 2018|

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. [...]

Charting a course for supply chain finance

By |November 29th, 2018|

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 [...]

Siemens wins Gold at 2018 Supply Chain Finance Awards

By |November 29th, 2018|

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 [...]