For the third year running, J.P. Morgan has been voted the Global Bank for Supply Chain Finance. “We are truly delighted to be recognised once again by the TMI readership” commented Jeremy Shaw, Regional Trade Executive for J.P. Morgan. “We are continually working at delivering practical answers so that our clients might benefit from real working capital optimisation”.
J.P. Morgan has been continually building on their unrivalled capabilities in this area. The firm is still the only bank that can deliver solutions across the entire financial and physical supply chain. “It’s a key differentiator for us” remarked Shaw. “Our clients are faced with unprecedented challenges. With the suite of capabilities at our disposal, we have worked as their partner by helping them look at ways to increase efficiency and/or mitigate risk throughout the supply chain”.
Ten years ago J.P. Morgan took the decision to start integrating their transaction banking activities because they had product areas that were providing solutions to treasurers, purchasing managers and CFOs in a discrete manner. The decision to consolidate product companies within the treasury services business, such as payment and collections, trade, supply chain finance, cards and liquidity management has allowed the firm to offer a significantly broader set of products which can be bundled and provided to clients today. “This is something that we’ve been building on consistently over a number of years. Important, however, is to have people that understand these processes intimately and can therefore discuss with the client how they can help overcome their challenges. Our clients don’t split up chunks of their supply chain, so why should we?”
With the growing complexity of today’s global supply chain, BNP Paribas brings together data and transactions from trade and payments to free up working capital and to achieve value throughout the supply chains. We offer fully flexible cash management and financial supply chain solutions to adapt to local practices. For instance in a number of countries in Southern Europe, BNP Paribas offers e-invoicing solutions fully integrated with e-banking tools, that enable Corporates to improve their management of payment transactions and reconciliations between commercial and financial data.
We are also a strong player in SEPA and, with Fortis Bank, are both committed to innovative solutions for the future such as SEPA compliant direct debit and our new global card acquiring platform to support clients in enhancing their receivables management.
SEB continues to invest heavily in delivering service excellence across the markets in which it has expertise, in particular the Nordics, Germany and Central & Eastern Europe. Now established as the bank of choice for corporates headquartered in, or operating in these regions, this Award is once again a statement of client support and confidence in SEB, and a validation of the innovation for the bank is renowned.
“Developing an integrated approach to the financial supply chain, including cash and trade, to deliver value to the corporation is a pivotal element of SEB’s strategy. We have devised the SEB Corporate Financial Value Chain™ which is a structured approach to identifying, prioritising and delivering improvements to financial processes, releasing working capital and creating additional value. Many of our clients have experienced dramatic improvements in process efficiency, liquidity and risk management by working with SEB in this way. We are delighted by these Awards which recognise the benefit that our clients continue to derive from SEB’s innovative approach to enhancing value across the financial supply chain.”
Patrik Havander, Head of Concept and Packaging, Global Transaction Services, SEB