The Ins and Outs of SCF and Supplier Onboarding Process
The most important part of Supply Chain Finance is the Supplier Onboarding process. If you don’t have an efficient onboarding process, you won’t be successful in getting your suppliers to take part and benefit from the solution. You can have the perfect Supply Chain Finance platform and funding, but if you can’t get your suppliers on board, the programme will not be successful.
Guests: Enrique Jimenez, Head of Supply Chain Finance at Demica and Brian Shanahan at Informita
Host: James Bowyer, Associate, Demica
The Supplier Onboarding process will determine the success of a Supply Chain Finance programme. Enrique and Brian talk about the drivers for a successful Supplier Onboarding process and share best practices.
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01:10 – The main problems we are trying to solve
04:02 – Best practices when approaching Suppliers
08:20 – Key challenges that a Supplier Onboarding team face
18:45 – What attracts a Supplier to an SCF programme
27:12 – Managing restrictions
31:58 – KYC and legal documentation
41:46 – Simplification of legal documentation