 New Solutions for Procurement FinanceBernardo Nicoletti ()
Chapter Chapter 5 in Procurement Finance, 2018, pp 107-154 from Palgrave Macmillan Abstract: Abstract Digital transformation has allowed exploiting new solutions to support the increasing need for procurement finance in support of the digital transformation and the globalization. The new solutions support the full procure-to-pay process: from ordering and tendering to credit and financing, to the payment, and the support to the preparation and collection. In terms of ordering, the portals and the e-marketplace are particularly relevant. Thanks to an omnichannel approach, it is possible to access an application everywhere, with any device, anywhere, and anytime. Risk management is providing a great support to the credit and financing transactions. Great signs of progress are taking place in the field of advance payments and in particular in the foreign exchange market. Finally, the processes are more and more dematerialized and moving to the cloud. The benefits are easier access, simpler storing, and availability at all the times and everywhere. Keywords: Trade finance; Supply chain finance; Procurement finance; Omnichannel; Foreign exchange; Procurement risk management; Documentation; OCR; Intelligent OCR; Procurement portal (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:psincp:978-3-030-02140-5_5 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-02140-5_5 Access Statistics for this chapter More chapters in Palgrave Studies in Financial Services Technology from Palgrave Macmillan |
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