Global Finance names the World's Best Supply Chain Finance Providers 2012
NEW YORK, May 18, 2012 – Global Finance magazine has released its fifth annual rankings for the World's Best Supply Chain Finance Providers to be published in an exclusive survey in the July/August 2012 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's editorial team — 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 most companies are still focused on extending their Days Payables Outstanding, they recognize how that impacts their suppliers, and they are looking for solutions to help their suppliers manage working capital as well," said Joseph Giarraputo, publisher of Global Finance. "In this year's awards, we are starting to see a wider range of financing providers participate in supply chain financing deals as banks' credit appetite continues to be impacted by heightened regulation."
"The awards recognize 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: Andrea Fiano, Editor, email: firstname.lastname@example.org
An Awards Ceremony for all winners will be conducted at the same time as the October, 2012 SIBOS conference in Osaka, Japan. More details to follow. For more information please contact: Katharine Frey, email: email@example.com or phone: 212-524-3212
|Best Global Supply Chain Finance Provider - Bank:||Citi|
|Best Global Supply Chain Finance Provider - Non Bank:||Orbian|
|Best Supplier Support and Enrollment:||Basware|
|Best Payables Supplier Financing Solution:||PrimeRevenue|
|Best Pre-Shipment Financing Solution:||Standard Chartered|
|Best Customer Implementation of Supply Chain Financing Solution:||RBS and Carlsberg|
|Best Web-based Supply Chain Financing Solution:||PrimeRevenue OpenSCi|
|Best Platform connecting Buyers, Suppliers and Financial Insitutions:||TradeCard|
|Best Integrated Trade, Supply Chain Finance and Cash Management Solutions:||SEB|
|Best Inventory Management:||TradeCard|
|Best Trade Document Management:||Citi|
|Best Analytics for Credit Scoring and Risk Assesment:||Dun & Bradstreet|
|Best Invoice Discount Management:||ICG Consulting|
|Best Supply Chain Risk Consulting Services Provider:||Marsh|
|Best Supply Chain Risk Insurance Provider:||FM Global|
|Central & Eastern Europe:||UniCredit|