Global Logistics Company Implements SCF ProgrammeLogistics - Global
One of the largest global logistics companies with both sea, air and courier services, over 300,000 employees and revenues over $50bn selected Demica for a market leading global Supply Chain Finance solution.
A key component of the transaction was being able to migrate the manual processes conducted by the company into a seamless Supply Chain Finance solution whilst onboarding not only the largest suppliers but a significant portion of small suppliers (tier 2 and 3) including SMEs and sole traders.
Demica worked with the client to implement its Supply Chain Finance platform, integrating with the both the buyer’s ERP system and the funders, automating the early payments of invoices to suppliers and providing access to web interfaces for all parties.
The solution not only provided administrative efficiency but enabled the buyer to free up considerable working capital.