CONFIRMING AND WORKING CAPITAL
The finance department is the strategic area of an SCF initiative. Its objective is to optimize the cash position either by reducing excess liquidity in exchange for a higher return or by creating free cash flow by extending days outstanding.
Supply Chain Finance management is a competitive advantage
Improves company profitability
More efficient cash flow management
Optimization of working capital
Improved visibility of supplier accounts
Build more beneficial relationships with suppliers through payment flexibility
Supply chain finance or SCF, also known as reverse factoring, accounts payable financing or confirming, is a financial instrument that offers advance payment programs, thus creating a win-win situation for buyers and suppliers.
All CMS offers a global view of cash management, liquidity forecasting, banking and financial transactions, allowing you to detect improvements in cash performance and optimise cash controls.
Supply chain finance or SCF, also known as reverse factoring, accounts payable financing or confirming, is a financial instrument that offers advance payment programs, thus creating a win-win situation for buyers and suppliers.
Liquidity is the lifeblood of any business, yet fragmented data and processes force CFOs and their teams to go the extra mile to see, protect, move and grow liquidity in order to improve financial performance.
A reliable treasury system helps finance managers promote new practices, unify real-time data and digitally transform their businesses to improve liquidity and unlock opportunities to drive growth.
Our solution, available via API, facilitates complete cash management, as well as risk, payment and working capital management. CFOs and treasurers gain productivity, analytical capabilities and access to reliable data to protect balance sheets, improve cash returns, accelerate processes and optimise liquidity.
Facilitating the interaction between a company and its suppliers through a SCF solution is an alternative to other payment systems. It simplifies administrative and financial procedures and offers financing to suppliers.
Suppliers register on the portal by providing relevant information such as contact details, products or services offered and bank details. Once registered, they can access the portal using credentials.
Suppliers can consult relevant information, such as purchase orders, pending invoices, payments made and commercial agreements. They can also communicate with the company through the portal to resolve doubts or send messages.
Suppliers can upload their invoices electronically on the portal. These invoices are automatically validated according to the rules established by the company. If there are discrepancies, the supplier is notified for correction.
Invoices go through an internal approval process within the company. Managers review and approve or reject invoices. The supplier can follow the status of their invoices in real time.
Once approved, invoices are scheduled for payment according to the agreed terms. The portal also allows for payment reconciliation, verifying that invoices have been paid correctly.
Supplier portals generate reports on supplier performance, payment times, transaction volumes and other relevant indicators. This helps the company make strategic decisions.
Excellence in supply chain management is an important element of a company’s value chain and constitutes a competitive advantage.
An international group as Alain Afflelou requires the same payment and treasury tools in all countries where we operate. In this way, financial managers can guarantee standardised data collection and management that complies with all the protocols set by our head office. With All CMS in Spain as a Kyriba certified partner, we have been able not only to implement the solution, but also the quality of its training and support services for better coordination of all the group's treasury areas.
Thank you for your availability. Your support not only facilitates the implementation process, but also provides a continuous service and contributes to the quick adaptation to change. Congratulations on your work.
We have carried out the deployment with the help of All CMS, in a very autonomous way. The participation of All CMS has been key to the project’s success
I am convinced of the advantages of the SaaS model for cash management where Kyriba has shown us that it has extensive experience. Having the experience of the All CMS (Altin Cash Management Solutions, S.L.) teams is another of the reasons that led us to rely on the company as a technology partner for the deployment of this ambitious project.
Choosing All CMS for the implementation of your cash management solution means choosing a consultancy with extensive experience in the implementation of Treasury and Payment Systems automation projects.
It is a guarantee of success in your project and provides the peace of mind that comes from working with one of the leading specialists in national and international cash management projects in the market.
The years of experience of our certified consultants are placed at the service of the customer from strategy design to implementation, always speaking the same language.
Concepts such as digitalisation, process optimisation and reporting are part of our DNA, with excellent professionals and their previous experience in finance and treasury.
We have the capacity to take on both national and international projects
We have been a Kyriba Certified Partner since 2011
We are the only Kyriba Spain partner to offer 1st level support
We have a unique know-how at the service of Financial Management
Through supply chain finance, reductions in the cash conversion cycle and optimal levels of working capital are achieved.
A cash management system is able to automate many of the tasks that would otherwise have to be done manually. The receipt of bank statements, the uploading of forecasts, the reconciliation of forecasts and actuals, the company’s liquidity position. etc.
Kyriba has a connectivity hub from which it can connect to banking institutions via APIs, local protocols (e.g. Editran) Swiftnet (Service Bureau, AL2 BA, Bank Concentrator) SFTP…
To avoid spending hours manually performing tasks and use that time for decision-making and analysis.
The most important thing in a TMS implementation project is not so much the solution but the implementer. It is very important to choose an implementer that has extensive experience in this type of project, as well as resources officially certified by the manufacturer, in order to have all the guarantees of a successful project. In the case of international projects, the experience that the implementer may have in similar projects in the countries that are part of the scope of the project is important.
Kyriba’s SaaS tool has all the internationally required security certificates. Kyriba’s investment in security is of vital importance as the security of its platform is the most important pillar of its raison d’être.
Would you like to know the full potential of All CMS solutions? Our experts in each area of expertise are available for a customised demo.
