Finance is in the air

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Ever wonder how a global energy giant handles its supply chain finance? Find out how with Michael Hyltoft when he delivers a case study on Danfoss’ solution at this year’s Supply Chain Finance Summit.

Taking place at the Radisson Blu Portman hotel in London, the free one-day event will focus on exploring issues vital to decision makers in this key area.

Global provider of energy-efficient and climate-friendly solutions for selected industries, Danfoss offers refrigeration and air conditioning, industrial controls, motors and controllers, and hydraulics.

In his presentation, Hyltoft will cover areas such as partnerships, legal framework, infrastructure set-up, and the implementation approach, including how key suppliers were brought on board at Danfoss.

With more than 15 years of experience in sourcing and delivering effective finance business solutions and strategies, Hyltoft has previously implemented and advised on several supply chain finance programmes around the world.

He joins senior analyst Enrico Camerinelli, who will address attendees to answer what he believes to be a key question within the sector; What are the real benefits to buyers and suppliers of supply chain finance schemes?

He will give his advice on how stake holders can better build the business case for supply chain finance, and question whether it mitigates the risks of EC directives concerning late payments, on the day.

He will also look at what kind of ecosystem must be put in place for the supply chain finance to flourish, as well as the benefits and potential for finance buyers and suppliers.

The summit will also see Arriva’s David Loseby join forces with Network Rail’s Jim Carter, to discuss the role of procurement within supply chain finance.

Both Loseby and Carter have recently taken responsibility for new schemes and potential suppliers spread across numerous business functions within their companies.

The two industry experts will address the questions that they feel should be asked before embarking on a supply chain finance project, and give advice on how to deal with the inevitable difficulties along the way.

Director of procurement for Mainland Europe, Loseby will also provide an exclusive look at how Arriva approaches supply chain finance, on the day.

Carter, will then take to the stage individually to present a case study on implementation of his company’s supply chain finance scheme.

He will discuss challenges of stakeholder engagement, technology options, decision making process, feedback from the project and how Network Rail dealt with the difficulties.

Simon Templar, lecturer at Cranfield University, will discuss the establishment’s latest industry research, at the event.

In his presentation entitled “The Supply Chain Finance Landscape: A Research Perspective”, Templar will discuss how to identify the stakeholders in the supply chain finance landscape, the current supply finance practices in business, and supply chain financial approaches for SMEs.

Crossflow’s Tony Duggan will also be present, to discuss how to connect business with alternative sources of finance, such as reverse and factoring schemes.

Duggan will use the event as an opportunity to discuss automated transactions, from invoice processing to approval and settlement, and hopes to tackle the issue of supply finance by providing an explanation of the solutions available on today’s market.

The Supply Chain Finance Summit is organised by Supply Chain Standard.

Survey results from Demica show that Supply Chain Finance is growing at a rate of up to 40 per cent a year and will continue to expand with rates of up to 10 per cent by 2020.

Designed exclusively for CFOs, CSCOs, and senior risk managers, the Supply Chain Finance Summit is designed to help delegates get up to speed with current and future legislation; learn from peers who have already set up schemes; and find out how to use SCF to gain competitive advantage.

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