Dole Asia Holdings has chosen Taulia to run its dynamic discounting and supply chain finance programmes. Singapore-based Dole is a global consumer food and beverage company that produces and distributes fresh fruits and vegetables and packaged food products.
Its initial participating funders for the supply chain finance program are two international banks, and Dole plans to add other preferred banks in the future.
More than 2,000 suppliers across Singapore, the Philippines, and Thailand will have access to the program.
Taulia will demonstrate its dynamic discounting solution at Working Capital Forum Europe in Amsterdam on 1st December.
Duncan Mavin, author of the definitive book on the downfall of Greensill, will join a panel on the future of SCF at Working capital Forum Europe in Amsterdam on 1st December.
Mavin, whose book offers forensic detail on the story behind the collapse of SCF provider Greensill, will join the panel, entitled End of the wild west? Navigating the disclosure and regulation landscape for supplier finance, along with Sean Edwards, CEO of the International Trade Finance Association, Thomas Dunn, chairman of Orbian, and Frederic Gits, Group Credit Officer, Corporates at Fitch Ratings.
The panel will ask whether new guidance on the disclosure of SCF schemes may bring transparency to what has sometimes been seen as an unregulated minefield for corporate and investors.
This panel is one of 20+ sessions at Working Capital Forum Europe. The full agenda is here and tickets are free of charge for corporate treasurers and procurement heads.
Total trade flows reached nearly 20% above pre-pandemic levels in 2021, according to new data from The ICC, with default rates dropping across all categories. For supply chain finance, the obligor-weighted default rate decreased from 0.93% in 2020 to 0.06%
The data comes from the 2022 Trade Register report, produced by ICC with partners Global Credit Data (GCD) and Boston Consulting Group (BCG).
Despite the current macroeconomic uncertainty, BCG expects global goods trade to continue to grow at a further 5.6% compound annual growth rate (CAGR) over the next 10 years on a nominal basis, and 2.3% in real terms. Despite the current macroeconomic uncertainty, BCG expects global goods trade to continue to grow at a further 5.6% compound annual growth rate (CAGR) over the next 10 years on a nominal basis, and 2.3% in real terms.
Ten companies have been named as shortlisted entries for the 2022 Working Capital Awards, sponsored by American Express. They range from pharmaceuticals to FMCG and from retail to technology. The shortlist is released today after an independent jury spend a week scoring 25 entries.
Category winners and 'highly commended' entries will be announced at the Awards Dinner on 30th November at The Amstel Hotel, Amsterdam (above).
The evening will also see one entry named as 'Gold Award Winner', representing the best example of working capital among all the entries. There will also be special awards for Startup of the Year, Innovator of the Year and Working Capital Champion.
Many of the winning entries will be invited to speak during special sessions at Working Capital Forum Europe at The Beurs van Berlage, Amsterdam, on 1st December. Tickets for the Awards dinner and for the conference are available here.
Treasury Intelligence Solutions (TIS) has launched Working Capital Insights, which integrates data from multiple sources to deliver working capital metrics and KPIs on one dashboard. TIS, once best known as a payments systems provider, acquired cash forecasting specialist Cashforce in June.
TIS says the new solution allows corporations to, 'Integrate their ERPs and corresponding AP and AR data with the solution in order to review payment terms and behaviour for vendors and customers, analyse invoice and billing activity, and measure all elements related to their net working capital status and cash conversion cycle.'
As a use case, TIS suggests users can evaluate DPO or DSO to identify discrepancies in payment behaviour across regions or customer groups, and could also analyse payment and invoice terms across their supplier base to look for extra efficiencies or adjustments.
Erik Masing, CEO of TIS, described the launch as, 'The perfect addition to our existing cash, liquidity, and payments management capabilities.'
TIS will share more details of this solution at Working Capital Forum Europe in Amsterdam on 1st December.