Global Finance names the World's Best Supply Chain Finance Providers 2010
NEW YORK, May 19, 2010 – Global Finance magazine (www.gfmag.com) has released its third annual rankings for the World's Best Supply Chain Finance Providers to be published in an exclusive survey in the July/August 2010 issue.
Global Finance launched the awards in recognition of the growing significance of the supply chain and the various financing solutions that are emerging to enhance working capital and reduce DPO and DSO for buyers and suppliers. Global Finance selected winners across seven global and eight regional categories.
Global Finance editors — with input from industry analysts, corporate executives and technology experts — selected the best providers of supply chain financing and management services. A variety of subjective and objective criteria were used for choosing the winners. Factors considered included: market share and global coverage, product innovation, customer service, technology, execution skills and client-specific implementations.
"As the financial crisis continues to have repercussions in the real economy, businesses are increasingly looking for solutions to help them manage their working capital more efficiently—and that includes leveraging their credit rating to extend financing to suppliers that would not be otherwise able to obtain low-cost funding. While large multinationals are looking to extend their Days Payables Outstanding, now more than ever they realize they cannot afford to squeeze their key suppliers out of business by doing so," said Joseph Giarraputo, publisher and editorial director of Global Finance.
"The awards recognise those providers and customer implementations that deliver real cost savings, working capital benefits and efficiencies for buyers and suppliers as well as those firms that have developed innovative credit frameworks in order to extend financing deeper into the supplier chain."
For editorial information please contact: Dan Keeler, Editor, email: email@example.com
|Best Global Supply Chain Finance Provider - Bank||Citi|
|Best Global Supply Chain Finance Provider - Non Bank||Orbian|
|Best Supplier Support and Enrolment||PrimeRevenue|
|Best Payables Supplier Financing Solution||Standard Chartered|
|Best Pre-Shipment Financing Solution||Standard Chartered|
|Best Customer Implementation of Supply Chain Financing Solution||Royal Bank of Scotland and SAAB AB|
|Best Web-based Supply Chain Financing Solution||PrimeRevenue|
|Western Europe||Royal Bank of Scotland|
|Central & Eastern Europe||UniCredit|
|Latin America||Banco Santander|