Category Archives: Trade Financing

How Unsecured Payable Facilities Help With Bulk Purchase Discounts

- March 18, 2015 8:17 AM | Categories: Procurement Strategy & Planning, Trade Financing

calculating-calculation-calculator-3305 Procurement organizations may be able to take advantage of volume discounts or quarter-end spends with their largest suppliers – if they can make it happen. Procurement may not be able to get the funding to make this a reality as treasury may not want to tap into its revolving credit facilities. So what are you to do? Check out the full article over on our sister website, Trade Financing Matters.

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Supplier Enablement: What Types of Partners Exist for Trade Financing?

D5D3B74933 In terms of data collection and management, the individual elements that factor into a trade financing onboarding program for suppliers will vary depending on the individual initiative/type, geography, etc. But who should companies turn to for supply chain financing and invoice discounting enablement generally?

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Supplier Onboarding for Trade Financing: Why Partnering Makes Sense

hands holding jigsaw In our view, the vast majority of domestic companies should outsource significant parts of the supplier onboarding and enablement program to partners, just as they outsource payroll. Said in a less technical way: Don’t be foolish and do this internally, at least not within a corporate or business unit setting. There are technical and non-technical reasons not to tackle the challenge yourself. Process nuances also factor into why partners are critical.

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Pushing Early Pay Opportunities To All Suppliers

- March 6, 2015 6:17 AM | Categories: Suppliers, Trade Financing

Pay-Off Regardless if the US government's SupplierPay initiative is successful or not, many Global 2000 corporations have developed a menu of early pay solutions. Buy-side techniques are centered around payable finance methods. Purchase-to-pay, e-procurement, e-invoicing and supplier network propositions are becoming more established together with early pay finance techniques. Large global corporations that use these networks to manage suppliers will enable their suppliers to receive early payment.

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Measuring Supplier Onboarding Success in Trade Financing

- March 3, 2015 6:20 AM | Categories: Supplier Management, Supplier Performance, Trade Financing

F672CBDC0F My colleague David Gustin (Trade Financing Matters) likes to say that supplier onboarding success is measured in 3 simple ways: The success rate onboarding suppliers you targeted, the success rate in having suppliers use the service and the retention rate after a period of time. These metrics are a perfect starting point to measure the success of supplier onboarding initiatives in buyer-led trade financing, regardless of program type.

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Supplier Enablement For Trade Financing: Starting to Transact

- March 2, 2015 8:57 AM | Categories: Analysis, Invoicing, Supplier Management, Trade Financing

Networking-102013329E0194F8 copy Supplier enablement for trade financing is not just a question of initial onboarding efforts and data collection. It also requires thinking through all the elements of how one will gather the necessary information on a transactional level to provide visibility and triggers for early payment. A range of e-invoicing and supplier/business network technologies can enable these steps.

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Should You Be Using the Renminbi To Buy From Your Chinese Suppliers?

- February 27, 2015 2:07 PM | Categories: Trade Financing

0201154-2590-D31A-4091769B0258659C Why should more multinational corporations consider invoicing and selling using China’s currency the renminbi (RMB)? Trade Financing Matters published an article this week on the subject. Check out a snippet of what the article is about here, or read the full story on TFM.

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Supplier Enablement For Trade Financing: Initial Steps

- February 26, 2015 6:26 AM | Categories: Supply Chain, Supply Management, Trade Financing

scrabble-to-do-3299 copy When it comes to trade financing (receivables financing and payables financing), there are numerous elements involved in onboarding and enabling suppliers. These efforts go beyond what we might typically consider for standard procurement and A/P-centric on-boarding processes. As we noted in the last installment in this series here, onboarding often begins with the implementation of a plan “to tier the supply based into logical tranches for targeting – by size, willingness to take a discount, APR rate, risk, geography, industry, diversity status, etc.”

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Why Collect Supplier Information?

- February 23, 2015 10:05 AM | Categories: Accounts Payable, Invoicing, P2P, Suppliers, Trade Financing

Networking-102013329E0194F8 copy Beyond core P2P enablement and related areas, companies focus on supplier enablement for a variety of reasons. For one, such programs are increasingly driven by regulatory compliance or related sets of laws or industry constructs and expectations. Read on to see why, on an overall basis, the majority of supplier enablement programs center on the sourcing and management of supplier information.

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Not-Quite-One-Year Update: The SupplierPay Initiative

4E6FDEE95C July will mark one year since The White House introduced the SupplierPay initiative, which aims to benefit small businesses in not only getting paid faster but also in receiving access to lower cost outlets of working capital when working with larger corporations. Where are we now with this initiative? Which direction is it trending? Join David Gustin (Trade Financing Matters) and Eyal Rosenberg (Nipendo) for the webinar, The White House, SupplierPay, Early Payment Opportunities, and You on Thursday, Feb. 26 at 12 p.m. CST. Register here.

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Supplier Enablement, Onboarding and Collection Fields: A Brief History

- February 20, 2015 9:54 AM | Categories: Accounts Payable, Invoicing, P2P, Supply Chain, Trade Financing

Supplier enablement and onboarding is nothing new. Going back to medieval and ancient times, ventures and organizations did due diligence on their key supply partners – and sometimes, as history has all too often told us, not enough! But in the past few decades, as myriads of regulations and laws have cropped up – not to mention greater general human and consumer interest in who companies and brands do business with based on corporate social responsibility (CSR) factors – organizations have become more diligent in understanding who their suppliers really are.

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Supplier Enablement, Onboarding and Collection Fields: A Brief History

- February 20, 2015 9:54 AM | Categories: Accounts Payable, Invoicing, P2P, Supply Chain, Trade Financing

BD0AC07780 Supplier enablement and onboarding is nothing new. Going back to medieval and ancient times, ventures and organizations did due diligence on their key supply partners – and sometimes, as history has all too often told us, not enough! But in the past few decades, as myriads of regulations and laws have cropped up – not to mention greater general human and consumer interest in who companies and brands do business with based on corporate social responsibility (CSR) factors – organizations have become more diligent in understanding who their suppliers really are.

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