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Trade Finance |
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"For CFOs to be effective leaders, they must make sure interdependencies
between the physical and financial supply chain are understood."
"Companies that trade globally also face an increased level of
financial risk. Duties, taxes, transportation charges, and currency exchange rates
are contributing factors; but there are other, less-tangible factors that also influence
the bottom line such as the cost of increased inventory and longer cash-to-cash
cycles due to customs clearance delays. As a result, Trade Finance is gaining a
lot of interest among corporate executives as they look for ways to improve working
capital and manage their credit lines more effectively.."
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Management Dynamics solutions for Trade Finance provide critical
‘physical supply chain’ information to support the automation of the financial supply
chain (FSC). By joining these traditionally separate processes, CFOs can benefit
in a number of ways:
- Manage supply risk with visibility of all trading partners
- Manage delivery risk with visibility of orders and inventory in-motion
- Reduce cash-to-cash cycles
- Lower total value chain costs by leveraging supplier early payment programs
(EPP)
- Make more accurate financial predictions
The key to realizing these benefits is to assemble a portfolio of FSC services
including Letter of Credit, Documentary Collection, Open Account and Supplier EPP
and integrate these services with key physical supply chain process. In this way,
FSC services can efficiently operate with electronic purchase orders, packing lists,
advance ship notices, commercial invoices and trigger payment based on supply chain
statuses such as forwarder cargo receipt and customs clearance.
Management Dynamics provides the supply chain network, data quality management and
visibility you need to manage these information flows, assess disruptions with advanced
alerting technology and manage risk with advanced analytical applications.
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