No more credit cards, pay with your smile – Industry roundup: 18 May
by Kylene Casanova
Fastest growing fintech, Synergistic collaboration, 5 partnerships with DBS, $100 million risk-sharing facility, biometric facial recognition.
Dynamic Discounting
Background
Receiving discounts from suppliers for early payment is nothing new. Suppliers often offer general early payment terms, e.g. a standard 2% discount for payment in 10 days. What is new about Dynamic…
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Unicredit supporting suppliers in today’s liquidity crisis
by Jack Large
Venchi adopts innovative dynamic discounting solution to alleviate cash flow problems for their suppliers
UniCredit to work with FinDynamic on dynamic discounting
by Graham Buck
The bank is taking a minority stake in the Italian fintech start-up and will offer dynamic discounting to iUniCredit clients.
e-invoicing: the questions to ask BEFORE starting a programme
by Jack Large
Stopping late payments: do you really care?
by Jack Large
Brexit and the looming global financial crisis make it vital to pay SMEs on time
NEWS ROUNDUP: encompass; PrimeRevenue & BankUnited
by Jack Large
Encompass launches new KYC feature; PrimeRevenue adds new bank to their ecosystem
When should supply trade finance be considered debt?
by Bija Knowles
ITFA says it will issue guidelines to clarify disclosure of reverse factor structures and identify risky SCF programmes
Getting businesses paid, instantly service is going global
by Jack Large
Previse raises US$7million to start the transformation of global B2B commerce to instant payments
How to maximise your working capital % rate returns
by Kylene Casanova
Forget MMFs and banks, instead: 1. Maximise supplier discounts; 2. Only offer discounts to your customers when economic; 3. Charge more
UK’s first fully integrated purchase-to-pay supply chain with cash-on-delivery
by Jack Large
Previse teams up with Virtualstock to deliver ultimate solution to deliver first fully integrated purchase to pay supply chain system with cash on delivery for suppliers in the UK
Borrowing with confidence via alternatives
by Matt McQuillan , Managing Director, C2FO
While the UK’s small businesses are increasingly reluctant to borrow from high street banks, demand for alternative forms of finance is growing steadily
Companies warned to prepare now for FASB leasing standard
by Bija Knowles
New lease accounting standards will come into effect from 1 January 2019 but few companies are ready. Tax, reporting and technology will be affected
Payments update and tips for improving efficiency
by Jack Large
Tips for collecting and making payments efficiently and effectively
Advanced AI to extend understanding of late payments
by Kylene Casanova
Previse secures £800K Scottish Enterprise R&D funding to develop AI to improve late payment risk assessment
Unlocking cash flow and savings with working capital optimisation tools
by Jack Large
PayStream Advisors report on impact of Accounts Payable Automation, Dynamic Discount Management, Supply Chain Financing and Virtual Accounts
What else is Supply Chain Finance good for?
by John Perego , Supply Chain & Working Capital specialist, Perego Associates
There is a lot more to SCF than just the working capital benefits. John Perego explores what else you can expect to achieve from your SCF program
Can fintechs enable you to enter financial services business too?
by Jack Large
Combine with a fintech to provide a fully integrated service, e.g. UPS + Payoneer = a more efficient, cost-effective way to do payments
Supply chain finance for SMEs - are you missing out?
by Jack Large
New opportunities opening up significant returns for investors
How to select the right Supply Chain Finance partner
by John Perego , Supply Chain & Working Capital specialist, Perego Associates
The difference between selecting a good supply chain finance partner verses an excellent partner is, doing the right work upfront. John Perego explores some of the things to consider
Which Supply Chain Finance program is right for you?
by John Perego , Supply Chain & Working Capital specialist, Perego Associates
With the rise in popularity of supply chain finance it is important to be able to determine which of the many solutions best suits you, John Perego explores the options
SCF: UK exporters support; Tradeshift teams with banks; ICC - Rethinking Trade report
by Kylene Casanova
ICC: Some 61% of banks report more demand than supply for trade finance in the global market
Retailer’s DHport platform marks beginning of a new era of global digital trade?
by Kylene Casanova
International traders, suppliers, and wholesalers can use all the traditional cross border trade with comprehensive foreign trade services through single retailer platform. 7 day transactions now = 7 minutes
Late payment is endemic worldwide: Who’s playing the invisible bank?
by Kylene Casanova
Euler Hermes survey shows global average 64 days DSO and 21% over 90 day
Reducing late payments is a joint effort that can benefit all
by Kylene Casanova
Asda reduces payment terms to SMEs to 14 days as they “work more effectively with their supply base”