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Financial Services
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"CFOs who are succeeding in improving cash flow and helping their
companies lower the cost of goods sold are linking financial and physical supply
chain initiatives together."
"Supply chain and financial processes have lived in
separate worlds for too long. Aware of the chasm, some companies are now trying
to bring the two closer together by merging supply chain and financial planning
and execution."
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The role of Financial Service companies in the supply chain
had not changed much until recently. With the growth of the Internet and robust,
low-cost e-commerce technologies, companies can cost-effectively link with their
suppliers and banking partners. This has created new opportunities for
differentiated services and account control for companies that can master the
Financial Supply Chain (FSC).
Complication
Financial services companies are increasingly being challenged in this space by
competitors that are seizing the opportunity to exploit these new technologies
to take market share. The traditional industry model of building systems
in-house unfortunately cannot keep up with the pressure of market forces, the
scope of functionality offered by software specialists and the services required
to establish online portals and trading networks around the world.
Solution
Management Dynamics partners with leading Financial Services companies to help
them exploit the FSC opportunity by expanding and automating the range of trade
services they offer to their most profitable clients. With access to our
Web-based tools and specialized trade content resources, financial services
companies are able to offer a global trade 'hub' that connects the buyer and
seller, as well as customs brokers, freight forwarders and other trading
partners in one system, helping to speed the process of opening accounts,
generating letters of credit, validating suppliers against restricted or
sanctioned party lists, uniting key purchase-to-payment events on the physical
and financial supply chain and thus, adding value to the services they provide
to key manufacturing and retail clients:
- Supply Chain Visibility solutions to electronically provide purchase orders,
advance shipment notices and other key documents as well as in-transit status
need to trigger critical FSC Events
- Performance Management solutions to model supply chain behavior and augment
existing Risk Management practices and provide CFOs with a scorecard to manage
the process.
To find out more about Management Dynamics' solutions for Financial Services
companies, submit an inquiry.
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