How can end to end digitalisation help reduce costs and improve free cash flow?
Traditionally companies finance and treasury departments have focused on reducing cycle times and invoice approval times. Using suppliers to finance company short term investments with increased payment terms as a result with bank run programs. Digitalisation however is opening up much more productive ways of collaborating with suppliers and allocating a more sustainable cash flow. Here you will learn about how procurement and finance together are finding ways to collaborate with suppliers in ways that both reduce costs and improve free cash flow. Discuss;
- What does dynamic discounting and supply chain finance mean from a procurement versus finance perspective?
- How digitized do companies need to be in order to fully benefit from supply chain financing and dynamic discounting?
- What are the main challenges companies face when deciding to optimise cash through collaboration with suppliers?
Alexander Mutter, MD, Head of EMEA | Taulia Inc. & Lars Beckman | Managing Director Partner | CORE Process