Zürich, Switzerland – November 23, 2015 – The third annual Supply Chain Finance Community Forum took place at the historic Beurs Van Berlage in Amsterdam. This was a day very much focused on looking to the future, not the past. In fact, it coincided with a significant press announcement regarding supply chain finance by four leading Dutch companies – Heineken, Randstad, FrieslandCampina and Jumbo – all of which said that they would commit to offering supply chain finance to their larger suppliers while promising to pay smaller suppliers within 30 days.
“That’s a very important step, that large companies are publicly announcing their policy towards payment terms,” says Michiel Steeman, executive director of the Supply Chain Finance Community. “The longer-term effect of such a step is that, if the top 1,000 buyers in the Netherlands follow this lead, then we estimate that at least €2.5bn of liquidity will be freed up from currently unpaid invoices. That can be a significant push for the economy.”
The conference also saw the first public outing for the SCF Community’s Open RFI programme, with presentations from C2FO, ING, Orbian, PrimeRevenue, Santander and Taulia, followed by a lively question and answer session with input from several large corporates.
With the showcasing of innovation in terms of both technology and financial structures by Arviem, it was clear that supply chain finance is continuing to develop beyond the traditional ‘reverse factoring’ model and is offering a wide range of benefits to more and more companies across the globe.
About Arviem AG
Arviem (www.arviem.com) solves the challenges of obtaining visible and intelligent trade by offering real-time end-to-end cargo monitoring services.
As the only full-service provider for real-time cargo monitoring in the market, Arviem solutions provide exceptionally accurate location and quality condition monitoring of cargo throughout the global supply chain. Arviem enables their customers with the ability to manage major events as they occur throughout the chain of custody.