Author: Kathryn Tully

LEADING THE PACK

By Kathryn Tully

Global Finance evaluates the Best of the Best Supply Chain Finance Providers in The Winners' Circle: an ongoing look at the top awards winners over the magazine's 25-year history, launched as part of our 25th anniversary in 2012.

Global Finance 's annual rankings of the World's Best Supply Chain Finance Providers may have started only in 2009, but this ranking, which includes seven global and eight regional categories, has already captured some important trends in what has been a transformative period for the supply chain finance market. Since the 2008 global financial crisis, when large companies in every sector and geographical region began to realize that higher funding costs were hitting liquidity at their suppliers and largest customers, transaction services banks have been making aggressive moves to capture more market share. Interestingly, although Citi is our top supply chain finance provider globally and has also been our top provider in North America for the past three years, it has not achieved leading positions in such big growth markets as Asia, where Standard Chartered heads our regional ranking, or even Latin America, where Santander takes the top spot.

Meanwhile, multibank platforms have become much more popular, and a broad array of alternative providers are making big inroads into this market. Orbian has come in first as the best global nonbank supply chain finance provider for three years straight, while PrimeRevenue takes the award for best global supplier support and enrollment.

Given that global transaction services banks are under pressure from regulators and ratings agencies to shore up their balance sheets, which can only result in tighter credit conditions for supply chain finance clients, nonbank providers are likely to become even more prominent in years to come.

GLOBAL WINNERS
CATEGORY WINNER RUNNER UP
Best Global SCF Provider-Bank Citi HSBC
Best Global SCF Provider-Nonbank Orbian n/a
Best Supplier Support and Enrollment PrimeRevenue Ariba
Best Payables Supplier Financing Solution Standard Chartered HSBC
Best Preshipment Financing Solution Standard Chartered BNP Paribas Utexam Logistics
Best Customer Implementation of SCF Solution

Citi, US Export-Import Bank / RBS, SAAB / Capital Tool, World Bank, Gov't of Peru

n/a

Best Web-based Supply Chain Financing Solution

RBS MaxTrad PrimeRevenue / The Receivables Exchange n/a

REGIONAL WINNERS
REGION WINNER
North America Citi
Western Europe Royal Bank of Scotland
Asia Standard Chartered
Central & Eastern Europe UniCredit
Nordic Region SEB
Latin America Santander
Middle East HSBC
Africa Standard Chartered