Supply chain finance is dominated by large global banks, yet developing regions are nurturing some challengers, and growing complexity is bringing nonbank investors into the picture.
BEST INVOICE DISCOUNT MANAGEMENT
Companies can leverage SAP Ariba’s Invoice Management and Discount Professional software to fully automate the process of offering, negotiating and agreeing on early payment terms. Discount Professional, which is delivered as a Cloud-based solution within the Ariba Network, gives buyers the option to pay invoices ahead of time to capture discounts. The solution can be integrated with any enterprise resource planning platform to provide companies with a payment status and dynamic-discounting portal.
BEST-INTEGRATED TRADE, SUPPLY CHAIN FINANCE AND CASH MANAGEMENT SOLUTIONS
As part of Citi’s Treasury & Trade Solutions group, SCF is viewed within the integrated framework of Citi’s trade and cash management businesses. Citi’s Supplier Finance platform is integrated with its global cross-currency payment capability. Supplier Finance also leverages the CitiDirect BE online banking platform, which provides a single, centralized point of Web-based access to a full range of global treasury-and-trade solutions.
BEST WEB-BASED SUPPLY CHAIN FINANCING SOLUTION
Basware claims to have one of the largest open business networks in the world. It connects one million businesses in more than 100 countries and territories around the globe, enabling collaboration between buyers and suppliers of all sizes. It is best known for the ease with which its solutions enable Fortune 500 companies to automate the order-to-cash process, including enterprise e-invoicing, e-procurement and payment, so they can get paid earlier and more efficiently as dispute resolution and management are simplified. Like most vendors in this space, Basware has made the transition to Cloud-based technologies to facilitate greater buyer-supplier collaboration. Once connected to its network, buyers and suppliers can access a wide range of solutions centered around automation of invoices and payment, invoice discount management, procurement and supplier-initiated early payment.
BEST PRESHIPMENT FINANCING SOLUTION
The French bank’s wholly owned trading company, Utexam, based in Dublin, buys, holds and sells a wide variety of inventories for BNP Paribas’s customers needing to improve working capital and cash flow efficiency. Utexam customers encompass the retail, electric components, automotive, computers, agricultural products, steel, food beverages and healthcare sectors. BNP Paribas is one of the few banks in the trade and SCF space to boast such a specialized subsidiary, which helps companies buy inventory when market pricing is more attractive, they want to buy in bulk to achieve greater economies of scale, or short-term inventory needs transpire. Ownership of inventory by clients can be deferred until they need it or can be sold instantly on extended payment terms.