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The financial supply chain refers to the combination of numerous, disparate business processes for the purpose of managing the flow of transaction-related information and funds between businesses and their trading partners. There are five distinct components in Financial Supply Chain: Credit facilitation, Trade Execution, Invoice Management, Payment and Cash Management and Analytics.
The financial supply chain is a subset of a more generic supply chain that fully encompasses the flow of physical materials, information, and funds between trading partners. The physical aspect of this supply chain has received close scrutiny during the last few decades, and, as a result, has made significant progress.
However, the information and payment pieces of this broad supply chain have been addressed only partially by these physical supply chain solutions. Gaps that separate physical supply chain activities from their associated financial information continue to bedevil companies that have focused on their physical supply chains but found only partial success. The financial supply chain is the missing piece of this puzzle—the bridge that closes the remaining gaps that prevent intra- and inter-enterprise integration and collaboration.
PayStream helps companies to identify potential improvement opportunities in their financial supply chain, build business case around those opportunities, develop innovative strategies to address them and deliver results in terms of reducing cost, enhancing efficiency and providing better working capital management.
Read our latest Reports on the Financial Supply Chain.
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