• January 19, 2024

CFONEXT100 2023: ‘Rethinking the future: Unleashing the true value of supply chain & value chain financing’ – Key highlights

CFONEXT100 2023: ‘Rethinking the future: Unleashing the true value of supply chain & value chain financing’ – Key highlights

The discussion also shed light on the importance of sustainability in supply chains, where the speakers shared their experiences on sustainable supply chain practices within their organisations.

Speaking at the 12th edition of the CFONEXT100 event, Jacob Raphael, Accountable Executive (India), spoke about how the company prioritizes the needs of corporate CFOs and operates across procurement and sales, offering tailored solutions to address industry and banking agnostic challenges faced by corporations. He added that in its operation for two years, it has facilitated over $21 billion in funding for diverse global clients in Singapore.

On the procurement front, Mr Raphael noted that TAS Connect caters to supplier finance solutions, purchase order facilitation, pre-shipment and receivable factoring. Meanwhile, on the sales side, the platform extends distributor programs and integrated payment solutions, streamlining transactions for large corporate institutional sales across 18 countries.

During his conversation with Agrotech Foods CFO KPN Srinivas on the issues surrounding Supply Chain and Value Chain Financing, the latter emphasised the challenges of cross-border transactions in a technology-driven environment. Mr Srinivas highlighted the impact of COVID-19 on supply chains, underlining the necessity for flexibility and digitalization.

Jacob elaborated on TAS Connect’s role in enhancing liquidity access, cost reduction, and streamlining transactional ease. He stressed the platform’s focus on unifying multiple systems, providing CFOs a consolidated view of their supply chain scenarios and risk exposures.

The discussion also shed light on the importance of sustainability in supply chains, where the speakers shared their experiences on sustainable supply chain practices within their organisations. Mr Raphael noted how corporates are integrating ESG incentives and financing programs to encourage better sustainability ratings among vendors.

Watch the full video of the session here:

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