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COLLABORATIVE SUPPLY CHAIN FINANCECapitalising on e-Invoicing to achieve visibility on financial transactions to optimise your organisation's cash-to-cash cycle
In the Chair:Michael Hyltoft Formerly Head of Finance Transformation KINGFISHER Hear from your eminent Speaker Panel:Erika Grundströmer Head of Cash Management Andreas Allebert Business Analyst, Global Purchasing Patrik Stenman Director P2P Projects Emmanuel Cuvillier Vice President European Sales André Casterman Head of Cash, Trade and Supply Chain Enrico Camerinelli Founding Member Event Summary:Supply chain finance is the next frontier to enhance collaboration between trading counterparties by achieving visibility on information related to financial transactions through electronic invoicing. A collaborative supply chain finance strategy helps a company to release valuable working capital in the payables, receivables and inventory management processes. To foster collaborative financing, banks and corporations seek for legally binding risk mitigation instruments for trade that for instance enable a company to finance its own suppliers getting dynamic discounting in return. SWIFT's Bank Payment Obligation (BPO) is an example of this mechanism. Collaborative supply chain finance is the driving force to move e-Invoicing from concept to practical value and reality. Co-operation between buyers, sellers and bank partners is needed to standardise e-Invoicing formats and build a critical mass of volume to lower transaction costs. By automating payment processing companies are able to save the equivalent of at least 1-2 percent of their annual turnover. By centralising cash-to-trade processes through payment hubs, companies are able to release significant amount of cash trapped in working capital cycles throughout a global business organisation. Electronic invoicing is the next step to link up the financial supply chain with the physical supply chain. This flagship event will present first hand experiences from industry leaders to customise early payment programmes to bring down total costs in the supply chain and increase your company's profits. Our cross-industry speaker panel will provide your organisation with guidelines to accelerate collaboration between finance, purchasing, sales and trade partners to fully capitalise on payables discounting and on receivables to build a healthy supply base in a down turn economy. This event will tackle key issues such as:
Target audience and Job titles:Presidents, Chief Executive Officers, Chief Financial Officers, Chief Procurement Officers, Chief Sales Officers, Vice Presidents, Directors and Heads within:
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