Finance support for smaller suppliers

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A new approach to providing supply chain finance for small and medium enterprises will be highlighted at the Supply Chain Finance Summit next week.

Platform Black is an online service that allows companies to sell invoices as well as providing more sophisticated finance options. It promises the benefits of speed, simplicity and low cost compared to some of the more traditional SCF products.

Delegates will find out more about such new approaches to SCF at the summit which takes place at the Radisson Blu Portman hotel in London on 3rd December.

In another session, senior analyst Enrico Camerinelli, who will address 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.

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