Tasconnect
Stories (21/0)
Difference Between Traditional Trade vs Supply Chain Finance
In the supply chain domain, trade and supply chain finance are known to provide innovative solutions for the working capital gap that is faced by companies that are still growing. Traditional and SCF can unlock the potential in businesses through acceleration of cash flows, providing finance, reducing the end-to-end trade cycle, improving the financial ratios, resolving counterparty and other risks in cross-border transactions. However, both these systems are quite different. Let us dive into the differences between traditional trade and SCF.
By Tasconnectabout a year ago in Journal
Changes in the trade finance banking sector: Blockchain, ESG, and data standards
The banking and financial sector is undergoing a major transformation, driven by the emergence of disruptive technologies such as blockchain, environmental, social and governance (ESG) initiatives, and data standards. These changes are having a significant impact on trade finance banking, as financial institutions look for innovative ways to increase efficiency and reduce costs. By leveraging these technologies, banks can significantly reduce the time, cost, and manual labor associated with trade finance transactions, while introducing new levels of transparency and trust. For example, blockchain can be used to streamline the payment process, while ESG and data standards can help to ensure compliance and provide more accurate data. We will explore the various ways in which these changes are impacting the trade finance banking sector, and how financial institutions can leverage them to reduce costs and increase efficiency.
By Tasconnectabout a year ago in Journal
Changes to FASB Accounting Standards: What does it mean for Supply Chain Finance
The world of supply chain financing (SCF) is changing rapidly. Companies that extend payment terms to their suppliers and set up SCF programs so that those vendors can be paid early by a bank or other third-party financing provider will be required to disclose the terms and size of the SCF programs in financial statement footnotes beginning in 2023.
By Tasconnectabout a year ago in Journal
How do Distributor Financing Programs Strengthen a Large Suppliers Distribution Network?
In Global Supply Chain Finance, distributor financing is the provision of arranging finances for a distributor of a large manufacturer. The purpose is to cover the holding of goods for resale and to bridge the liquidity gap until the receipts are generated from receivables.
By Tasconnectabout a year ago in Journal
Supply Chain Finance: Delivering a digital future for MSME summarize
Introduction: While digital technology has altered many parts of life today, the fact is that most MSMEs, particularly in emerging nations, are still far behind on the path to digital transformation and continue to conduct their business primarily in cash. Digital transformation offers enormous potential to help Micro-, Small-, and Medium-Sized Enterprises (MSMEs) decrease costs, standardize and automate company operations, raise productivity, boost competitiveness, and better understand customer behavior.
By Tasconnectabout a year ago in Journal
Striking a Balance Between Efficiency and Resilience in Supply Chain Management
Several processes of the global supply chain are recovering as the counter measures to the corona pandemic have started to take effect. However, the risks of global supply chain disruption continue due to intensifying geopolitical issues.
By Tasconnectabout a year ago in Journal
Agility in Supply chains - the best local and global practices
Individual enterprises no longer operate as independent entities in today's global competitive context, but as supply-chain networks. In this new competitive world, the capacity of management to integrate the company's extensive network of commercial contacts is more important. Supply-chain management (SCM) allows you to capitalize on the synergy of intra- and inter-company integration and management. SCM is concerned with entire business-process excellence and represents a new approach to managing the company and relationships with other supply chain participants.
By Tasconnect2 years ago in Journal
Macro trends in Supply chains - how to counter inter-regional uncertainties with a digital approach?
Supply chains are becoming more complex, with regional interconnectivity growing by the day. International trade also continues to grow and becomes faster, at a global, regional and local level. These developments not only affect the speed of operations but also add complexity to supply chains. To counter these uncertainties, companies need to adopt a digital approach to their supply chain management. Macro trends such as digital transformation, the Fourth Industrial Revolution, Industry 4.0, and the Internet of Things are disrupting the supply chain landscape in every region of the world. In this blog post, we highlight some of the key macro trends that need to be considered to unlock the potential of your supply chain in the upcoming years.
By Tasconnect2 years ago in Journal
Does A Healthy Supply Chain Imply Better Cash Flow?
Having a healthy cash flow is beyond earning more money than you spend or accumulating cash. It also involves sustainability, which is to make sure that your business can respond rapidly to new opportunities and challenges. Massive, ongoing expansion isn't always a good thing. Many businesses' growth graphs are heading up, but they are at a dangerous place. Negative cash flows prevent such companies from being prepared to seize a genuinely profitable opportunity when it arises, making these companies vulnerable to any disruption in their business operations. In order to build sustainable and resilient supply chains, businesses are turning to supply chain finance solutions to stabilize liquidity and their working capital cycle. Maintaining financial liquidity is essential for companies to address supply and demand issues. To enable businesses to manage their working capital more flexibly and at a more affordable interest rate, supply chain financing (SCF) builds on traditional trade finance solutions.
By Tasconnect2 years ago in Journal