Enabling Suppliers to do Business the Smart Way Turning the Supply Chain into a Profit Center

September 1, 2014 Chrissy Devenny

enabling-suppliers-to-do-business

The recession may have ended, but many financial leaders are nevertheless focused heavily on working capital management - from the largest companies in the world, to the small and medium-sized businesses, to the mom and pop shops.

When managing working capital, and striving to stay competitive by strengthening cash positions, people often overlook their most critical asset; their supply chain.

Our solution? Turn your supply chain into a profit center.

How? Supplier Financing.

Supplier finance can benefit both sides – the buyer and supplier – by enabling suppliers to get paid faster and allowing buyers to choose to fund the early payment, or extend payment terms, depending on their business model and financial disposition. The savings potential is compelling, and can literally mean millions added to the bottom.  And when a supplier financing program is partnered with an ePayables initiative, efficiencies are increased across the board, making the invoicing and payables process more effective and efficient for all.

At Taulia Connect, our annual customer conference in San Francisco, Linda Piazza, Taulia’s Senior Director of Working Capital, will share results from Taulia’s annual supplier survey that includes key findings from over 4,000 respondents.  She’ll uncover which supplier groups are most likely to accept automatic payment terms, what discount rates you need to offer in order to remain competitive, and how to educate your suppliers on the benefits of keeping the financing within the supply chain.

Key takeaways will include:

  • Understanding of how to segment suppliers and offer competitive rates

  • Ensuring your suppliers know about the benefits of the solution and rely on early payments for their business financing

  • Knowing when to use your own cash to pay suppliers early and when to use a third-party

At Taulia Connect, we’ll delve into cutting-edge content, hands-on workshops, thought-provoking discussions, technology showcases, and plenty of networking opportunities.  We are expecting hundreds of innovative finance professionals with whom to collaborate as we come together to share our insights and expertise in areas that include what’s new in the P2P space and what’s on the horizon.

Register for Taulia Connect here.

 
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New Approach to Working Capital: How Flexible Supplier Financing Solutions Can Add Millions to Your Bottom Line
New Approach to Working Capital: How Flexible Supplier Financing Solutions Can Add Millions to Your Bottom Line

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