With supply chains stretched to near breaking point by the pandemic, the role of supplier finance programmes and importance of expanding SCF beyond just the largest companies takes on greater strategic importance, both for multinationals and mid-sized companies in providing certainty of payment, in showing that buyers and suppliers can be part of an ecosystem that can be trusted. With the fundamental principles around SCF well entrenched and understood by practitioners, this presents a huge opportunity – provided challenges around large buyer arbitrage/dictating terms and pricing are overcome – for it to be used in a wider context, extending an established open account solution and therefore avoiding companies getting locked into expensive and cumbersome documentary trade.
Rebecca Harding, Chief Executive Officer, Coriolis Technologies
Mirka Skrzypczak, Head of Working Capital & Trade Products, NatWest
Mark Ling, Head, Trade & Supplier Finance, Santander UK
Irene Graham, Chief Executive Officer, ScaleUp Institute