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September 2012

GSCF continues business growth trend

Global Supply Chain Finance Ltd. (GSCF) is pleased to confirm that its business growth momentum continues very strongly in 2012, based on new programs being activated and the successful introduction of innovative features into its platform.

Increasing number of programs

Within the first eight months of 2012, five new programs have been successfully activated in GSCF’s platform, involving three different fronting banks and over 1200 buyers located in North America and Europe. At present, with buyers and suppliers under conflicting pressures to improve payment terms, reduce prices and improve cash flow efficiencies, GSCF-tailored solutions are ever more suitable, particularly given the technical knowhow required to properly manage these programs. Financial institutions are increasingly aware of this market trend and are aligning their strategies to respond to such demand with the technical assistance and expertise of GSCF.

New feature: “local currency repayment option”

Nowadays more and more IT distributors, especially those trading locally, are willing to settle their payables in local currency to minimize the impact of the exchange rate fluctuations whilst avoiding the administration related to hedging foreign currency exposure. Foreseeing the growth of such demand on the Distribution Financing market, GSCF has developed an interface whereby banks can offer distributors the flexibility of converting selected supplier’s invoices into local currency based on either the spot or forward rate. The “local currency repayment option” is an online feature accessible through the GSCF web portal and made available to distributors and to the funding bank of the respective Distribution Financing program.

To learn more about GSCF Group, please contact us.