London, UK; Stockholm, Sweden; and Atlanta, US – 31 October 2006

Demica, the market leading provider of specialised working capital solutions, and Capto Financial Consulting, a leading European financial consulting firm, today announced a strategic partnership to market a complete supply chain finance solution. This partnership combines Capto’s expertise in consulting services within working capital management and structured finance with Demica’s product, Citadel SCF, an innovative supply chain finance tool that streamlines the execution of a supply chain finance solution through the complete automation of the financing process. The partnership will draw on the specific strengths of each partner to bring additional benefits to clients of Demica and Capto alike.

Over the last 12 months Demica and Capto have witnessed strong demand for supply chain finance solutions, particularly from companies within the manufacturing, retail, automotive and high tech sectors. Both buyers and suppliers are under pressure to improve the financial efficiency of the supply chain – improving payment terms, reducing prices and improving cash flow efficiencies. Supply chain financing is increasingly being viewed as a valuable addition to the working capital finance toolkit. The successful implementation of a supply chain finance solution can result in both buyer and suppliers enjoying a substantial reduction of their working capital as well as an enhanced working relationship.

Capto works with its multinational corporate clients to help to enhance their financial infrastructure – the organisation, processes and systems that support the company’s financial activities – and focus on areas where significant value can be created. One of Capto’s core services is to provide consulting support to corporates that are considering a supply chain financing solution. Capto assists clients who are considering implementing a supply chain financing solution with in-depth feasibility studies, advice on structure and the roll-out to suppliers.

The key to a successful supply chain finance programme is the ability to process high volumes of payables, both securely and without the need for manual processes. Demica’s Citadel SCF brings significant cash-flow benefits to corporates, both buyers and suppliers, and a simple, automated transaction management solution for lenders. The innovative product, based on Citadel, Demica’s trusted reporting platform, provides buyers, suppliers and lenders with the ability to track individual invoices, payments and final settlements in real time. The Citadel platform allows invoices to be defined according to agreed selection criteria; and collects, consolidates and displays all payables data from single or multiple buyers or suppliers in both a consolidated and granular form. A fully-hosted ASP solution, requiring no on-site installation, Citadel SCF offers a scaleable solution for lenders to offer on-demand supply chain financing to their clients.

Phillip Kerle, Chief Executive Officer, Demica comments: “Capto’s expertise in working capital management solutions coupled with Demica’s Citadel SCF platform, which is designed to operate seamlessly across multiple jurisdictions, time zones, currencies, languages and operating systems, will enable us to offer our clients a complete supply chain finance solution.”

“Our strategic partnership with Demica demonstrates our shared vision of bringing world-class supply chain finance solutions to buyers and suppliers.” says Martin Olsson, Partner, Capto. “We look forward to the benefits that our collaboration with Demica will bring our clients.”

Capto Financial Consulting is a specialised management consulting company that focuses its consulting activities on the underlying need for change and in doing that, aims to provide tangible, quantifiable and sustainable value to their clients. All of their work is based on a strategic focus and reaches into many operational aspects of a client’s business. Capto’s consultants work with their clients’ employees to bring about the desired changes, irrespective of whether they are related to routines, systems, processes, or other factors.

Capto’s expertise and experience in global supply chain financing programmes is currently supporting several multinational corporations, each with a turnover in excess of €20 billion.

For more information on Capto please visit

Demica is a market leading provider of specialised working capital solutions providing consulting, advisory and technology services to a diverse range of multi-national clients. Demica works with the world's leading investment banks, private equity sponsors and global corporations to implement innovative solutions to their securitisation and supply chain finance requirements.

Demica’s technology is used around the globe running in excess of €10.5 billion of invoice-based transactions on its Citadel® platform. Demica is a wholly owned subsidiary of the J.M. Huber Corporation, one of the largest privately held companies in the United States. Demica has offices in London, Atlanta and Tokyo.

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