SOURCE: PayStream Advisors

PayStream Advisors

July 15, 2013 10:12 ET

PayStream Advisors Releases Framework for Supply Chain Finance Success

CHARLOTTE, NC--(Marketwired - Jul 15, 2013) - PayStream Advisors, Inc., a leading independent research and advisory firm, today released a framework for optimizing supply chain finance (SCF) and working capital for Business-to-Business (B2B) trading partners. PayStream has uncovered that best-in-class organizations have developed a powerful assortment of tools to optimize liquidity, improve working capital and achieve long-term viability of their supply chain. Buoyed by improvements in electronic collaboration between buyers and sellers, PayStream research reveals renewed interest in SCF from treasury, finance, accounts payable and procurement managers.

PayStream's Supply Chain Finance framework highlights three elements to optimize the supply chain.

1) Seamless exchange of information between buyers and sellers supported by collaboration tools;
2) Elastic payment terms which allow for accelerated settlement;
3) Ready access to liquidity, including external funding sources.

PayStream has uncovered that financial supply chain management is becoming an increasingly critical corporate function to ensure that purchases and sales are approached on a strategic basis that bridges both procurement and finance functions. SCF solutions work to improve visibility -- from the order, invoice, and payment. SCF solutions also allow for the injection of financing and credit into the equation at more attractive rates than suppliers would normally have access to.

PayStream's SCF framework is designed to foster internal education and debate in developing a SCF vision and strategy. PayStream's SCF framework highlights the need for a coordinated set of integrated initiatives in the areas of:

  • Supply chain and finance collaboration;
  • Working capital compression goals;
  • Invoice visibility process;
  • Automated payments;
  • Collaborative technology;
  • Measurement and improvement metrics.

PayStream Advisors will publish a fourth quarter 2013 Buyer's Guide and Vendor Analysis report titled Supply Chain Finance: Tools to Improve Working Capital and Risk Management. The report will provide an update on the rapidly emerging SCF landscape, and help increase corporate finance and procurement managers' ability to distinguish between SCF automation vendors and the various solutions that they offer. 

PayStream has developed the Purchase to Pay Academy, a certification program delivered via self-study and live classroom format to help managers embrace the SCF framework for improvements in accounts payable, purchasing and receivables management. 

About PayStream Advisors
PayStream Advisors provides in-depth research, reviews and comparisons of top accounts payable and purchase to pay automation software. Offering research and insight to help companies improve AP efficiency, PayStream Advisors also hosts the annual Purchase to Pay Summit, INNOVATE '13, where accounts payable, finance and procurement leaders gather to share ways to advance purchase to pay processes through collaboration and automation. For more information please visit: www.paystreamadvisors.com.

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