On 23 May in Dubai, we partnered with the DIFC and Kyriba in welcoming a multitude of corporates, suppliers and financiers to join our ACT Middle East breakfast briefing to explore the latest technologies and strategies to reduce risk and deliver real value to the business using supply chain finance programmes. The strong attendance and level of audience interactivity demonstrated that supply chain finance remains a hot topic for treasurers in 2017.
If you missed it, check out the breakfast’s key takeaways from Kyriba:
- Establish your success factors
When establishing a supply chain finance programme, companies need to define their strategy and what they want to achieve – be it improved payment terms, greater supply chain stability or improved relationships with suppliers.
- Involvement of the right stakeholders
In many organisations, finance and treasury is not integrated with departments such as procurement. The success of any supply chain finance programme relies on close co-operation to succeed…so ensure you network actively within your own business and identify and involve the right stakeholders.
- Technology is key
Harnessing the right technology is crucial to the success of any supply chain finance programme. If a solution can offer visibility on the cash available, facilitate payments and allow the programme to be managed in a single place – you’ll have the edge in ensuring a win-win supply chain finance relationship with banks, suppliers and partner organisations.
We look forward to continuing discussions at this year’s ACT Middle East Annual Summit, 21-22 November in Dubai. Ensure you are there by registering today at the super early bird price.