Tuesday, 25 June 2024

Best Financial Supply Chain Management in India goes to Deutsche Bank and Nestle India Limited

5 min read

By The Asian Banker

As a leading FMCG industry player expanding operations, the corporate needed a supplier finance solution that met procurement needs from offshore suppliers, extended payment terms, and supported suppliers' working capital with competitive rates. The bank implemented a cross-border supply chain finance program with a one-file solution for financing and payment and automated local regulatory reporting. This improved suppliers' payment receivables from 90 days to 20-30 days.  

For enhancing working capital efficiency of suppliers by more than 60% and extending payment terms for the corporate by 20-30%, Deutsche Bank and Nestle India Limited are recognised for Best Financial Supply Chain Management in India.  

View the full image gallery of the gala awards here

 



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