TradeUp partner HSBC, the world's leading trade finance bank, has an insightful post in the Wall Street Journal on how financial managers who used to solely focus on cash and credit - known as the “financial supply chain” - are getting more involved on the physical side of the supply chain as well - and how technology is changing their game.
Working together with other company functions, including sourcing, compliance and sales, helps treasury manage cash flow and improve the company's working capital position.
In turn, cloud-based, data-driven platforms are increasingly improving supply chain management, by lending themselves to predictive analytics and collaboration between partners such as suppliers and banks.
Where financial and physical supply chains meet is on sophisticated platforms allow companies to, for example, predict their cash flows, obtain working capital based on recent performance history rather than on a long credit review, and pool cash across their global operations and deploying it where most needed the next day.
See more in the post here.
Access HSBC's "Future of Trade" webinar here.