Creating Opportunities for Competitive Advantage
Supply Chain Finance
Gregory Cronie, Head Sales, Payments and Cash Management, ING
In the last edition of TMI, we explored the elements, which comprise the financial supply chain. We looked in some detail at the order-to-cash (receivables) and purchase-to-pay (payables) processes and how these can be optimised to create internal efficiencies, reducing the number of cash days for a company and therefore working capital requirements.