In July 2011, Global Supply Chain Finance Ltd. (GSCF) celebrated its 20th anniversary with its staff, partners, clients and friends in a truly enjoyable party on-board a 105-year old boat in the lake of Luzern.
Brief recap of GSCF ́s history:
GSCF was founded in 1991 as a business unit of a multinational food distributor. After the successful implementation of an Accounts Payable (A/P) centralization structure, the company was spun-off to become an independent Supply Chain Finance (SCF) structurer and servicer owned by the management. Soon, further A/P based programs were implemented and the development of IT systems led GSCF to automate processes more and more. These efforts culminated with the first release of a proprietary software, the company’s processing and reporting platform in 1997.
In 2002, GSCF changed its business model and launched its first Accounts Receivable (A/R) based distribution finance program with a portfolio of buyers in over 50 countries. After the credit crunch in 2008, GSCF introduced a brand-new software, enabling that each program was customized to the client’s needs. New functionalities in processing, display and reporting constituted another leap forward, putting the company in a strong position to service the new wave of SCF programs in cooperation with its funding and credit insurance partners.
Today, GSCF is a solid company with a strong growth projection based on its leading technology, outstanding team and the robust relationship with its funding partners, which are the most active in the SCF market at present. With its new offices in Montevideo and Kuala Lumpur, recently inaugurated to accommodate the growing number of staff and business, GSCF continues to deliver first class 24/7 service coverage for over 20 A/R and A/P based programs worldwide.
Kendall Stevens, CEO of GSCF, remembered the old days and commented: “Back then, we realized that it would take time to get all participants in the Supply Chain Finance environment to capture the benefits of our solutions, so we opted for a “slow” but persistent business growth strategy and as such developed the company’s infrastructure and technology entirely with the company’s profits. Looking back, I can see that this approach was the right one, allowing us to proudly celebrate todayour20 years of existence and leading position in the market”.
To learn more about GSCF Group, please contact us.