Supply Chain Finance

08 Oct

Posted at 09:25h in Financial Supply Chain Management, Supply Chain Finance by
1 Like
Crossflow Payments has made two senior appointments in as many weeks. They have just announced that Jack Perschke has joined the company as Commercial Director. Jack brings significant experience of complex commercial-led change from both his past roles with Ernst and Young's advisory practice and his own commercial strategy business.  He also has extensive government and IT experience having worked with The Cabinet Office, The Ministry of Justice, Passport UK, The Government Procurement Service and The Department for Business Innovation and Skills (BIS).

03 Oct

Posted at 10:10h in Financial Supply Chain Management, Supply Chain Finance by
1 Like
New appointments in the supply chain finance arena provide further confirmation if any was needed that this is a space to watch. Crossflow Payments, a relatively new entrant, has just announced the appointment of Tony Pinn, former Head of Supply Chain within Trade Finance at Barclays, to a director position.

23 Sep

Posted at 07:10h in AP Automation, Purchase to Pay, Purchase to Pay Process, Supplier Networks, Supply Chain, Supply Chain Finance, Working Capital Management by
1 Like
On the back of the extraordinary announcements over recent weeks , MasterCard and Basware have just declared another supply chain finance deal. It's a big deal and it's another sign if we needed it that products and services providing working capital support to business is one of the faster growing areas in B2B. I chatted to Esa Tihilä, CEO of Basware and Hany Fam, President, Global Strategic Alliances at MasterCard last week about this new partnership. It's good news for Basware - they now have an important new string to their bow, but I think it's even better news for MasterCard who couldn't have chosen a better partner.

11 Sep

Posted at 08:31h in AP Automation, Electronic Invoicing, Supply Chain, Supply Chain Finance, Working Capital Management by
1 Like
Q4 2013 may well be remembered as the inflexion point for AP automation and supply chain finance. The synergy between e-invoicing and supply chain finance (SCF) has been recognized for some time but the reality of business is that despite the benefits staring us in the face, it takes time to put the pieces together and for it to become a reality. Software needs to be developed or adapted, marketing campaigns crafted and pilot programmes need to run their course. This all takes years. So when we see solutions emerging and new offerings launched, it’s not because everyone has suddenly seen the light – the early adopters saw the light a long time ago and what we’re seeing now is the culmination of years of effort. The OB10 deal announced last week follows two years of behind the scenes discussion. Tradeshift’s $3bn fund to support small business is the realization of a vision that Christian Lanng shared with me about 3 years ago and just this week a new player on the scene, Crossflow Payments, emerged into the fading light of late summer after 3 years of research and development.  I met Tony Duggan, the CEO, this week in The City of London to understand what they have to offer.

10 Sep

Posted at 09:00h in Financial Supply Chain Management, Supply Chain Finance, Working Capital Management by
1 Like
I’d grown accustomed to the sunshine that we’ve enjoyed in the UK for most of the summer and yesterday, ill-equipped for normal British weather, I got soaked, literally to the skin, in an unexpectedly heavy rain shower in London. Summer’s almost gone and there’s definitely a change in the air. It’s been a long time coming but now the convergence of demand for liquity amongst cash strapped small businesses and the supply of alternative funds seems to be happening. There was some big news on these lines last week when OB10’s acquisition was announced. There’s a few new players joining the market that we’ll hear a lot about in the coming weeks. All of this is very interesting but today’s news is quite simply breathtaking. Tradeshift signaled some time ago that they were going to be leveraging their platform to deliver some form of supply chain finance offering to support small businesses but today they’ve lifted the lid on their plans and revealed exactly what it is they’ll be doing. In a nutshell it’s this: $3 billion.

29 Jul

Posted at 08:56h in Dynamic Discounting, Financial Supply Chain Management, Supply Chain Finance by
1 Like
Taulia has a world-class product that gives customers a high return on their cash balances while putting affordable working capital in the hands of suppliers. Dynamic discounting is a simple model and very effective but Taulia have always had one big problem – they only serve SAP customers. Because their dynamic discounting solution is native to SAP, there’s a huge market that they simply can’t access. But now there’s a team that can access the non-SAP market – they’re called Taulia.

05 Jul

Posted at 13:23h in AP Automation, Cloud Computing, e-invoicing, Electronic Invoicing, Financial Supply Chain Management, Purchase to Pay Process, Purchasing Card, Supply Chain Finance by
1 Like
Sometimes, great ideas just never take off because some prerequisite solution to a problem hasn’t been solved. E-procurement was a great idea in the 1990’s but until the internet was ubiquitous and trusted, it was slow to take off. Looking back, the trust and ubiquity grew quite quickly but in 1996, if we had a crystal ball that said it would take the best part of a decade to become an established way of doing business, I wonder whether we’d have given up. We didn't know that the problem was trust and ubiquity until it was solved.