The Boohoo Group

Winner: Best use of Technology for a Working Capital Project

The award for Best Use of Technology for a Working Capital Project went to The Boohoo Group for a truly end-to-end early payment solution that enables the fashion group’s mainly small, emerging market suppliers to receive payment upon shipment rather than delivery.

Judges hailed the solution as a “great use of tech to deliver a win-win solution” and were impressed at Boohoo’s ability to roll out the project at a challenging time. Because the company’s enterprise resource planning (ERP) solutions were being overhauled, the supply chain finance (SCF) solution needed to be implemented without access to them. Judges also liked the fact that 100% of the company’s suppliers are eligible to join.

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