Ifor Williams

New Supply Chain Financing Initiative from the EBA

The Euro Banking Association (EBA) has recently held the first meeting of Supply Chain Working Group (SCWG). The aim of this group is to build on the excellent work done by the E-Invoicing Working Group and take the concepts further to study the physical and financial supply chain models with a view of  detailing how Supply Chain Finance (SCF) can be supported on these models.

One of the outputs of this work will be a “Guide to Supply Chain Finance” which will help establish common concepts and a common language defining SCF.  It will illustrate how e-invoicing and the dematerialization of business documents supports better management of working capital and liquidity, the provision of optimal financing structures, and the tighter control of payables/receivables. 

There is a whole new world of financial services waiting to be developed on the back of a critical mass of real time dematerialized business transactions. A new market of effective and efficient SCF services will be enabled by a pan-European network of collaborating and interoperating e-invoicing service providers. 

These new services will provide benefits to the corporate world that dwarf the often cited, immediate and obvious cost benefits of e-invoicing.  I certainly look forward to tracking the progress of this work.

https://www.ebaportal.eu/link.aspx?PageGuid=d7b9d404-340d-4442-847d-ba591bd4fa4b

 

Groups I founded
I have not founded any groups yet.
Groups I belong to
Electronic invoicing : Friso de Jong : 21 members
CLOUDFinance : Gary Thompson : 20 members
Treasury Management : Anthony Carfang : 32 members
Treasury Technology : Anthony Carfang : 31 members
Social Banks : Elizabeth Lumley : 61 members
Transaction Banking : Prashant Jajodia : 107 members
Financial Supply Chain : Olivier Berthier : 64 members
EBAday : Paul Penrose : 145 members
My favourite blogs/sites
I have not added any blogs/sites.