Leading Food and Beverage Company Establishes Factoring Solution with DemicaFood and Beverage - Global
When a leading food and beverage company with operations across Asia, Europe and South America sought to put in place a receivables financing facility, they approached Demica to establish a market leading factoring solution.
The transaction involved direct ERP integration with sellers across a number of jurisdictions to enable receivables data to be consolidated and financed against. Demica’s advance rules engine enabled the automated selection of eligible receivables whilst integrated, daily, insurance limit checking ensured the highest possible funding rate was achieved.
The complex nature of the transaction, including multiple currencies, multiple operating companies and multiple ERP integrations, was only achieved with the use of Demica’s advanced technology solution which successfully consolidated data from the Client’s systems to deliver reporting services on an ongoing basis.