This book presents a business model on how to structure the relationship between financial
services and procurement. The need for new models is particularly important to support small
and medium enterprises (SMEs) where there is an evident difficulty in accessing credit. Due to
this context innovative solutions must be introduced.The objective of this book is to
determine how innovation can support the dynamic and volatile international context and the
increasingly relevant function of procurement. It is becoming more and more important to take
into account complex international transactions with notably long payment terms. Organizations
need to manage the best way to handle the financial relationships and the risks related to
credit provision and payments. This book presents an end-to-end support to procurement
including trade finance supply chain finance and related payments.In addition the
enterprises need to keep sufficient liquidity levels in the short and medium term. This is a
constant challenge today with the turbulence of financial markets and a continuing climate of
economic uncertainty making it harder to obtain external funding. Businesses need to optimize
the working capital. This can be done through the innovative concept of procurement finance
which allows SMEs to benefit by the new vision of collaborative procurement.This book provides
several practical examples of advanced procurement finance solutions. It demonstrates how the
use of process improvement and technology can help in overcoming the current financially
difficult situation. In addition based on the business model presented the integrated
approach to procurement finance allows sustainable solutions which will be of interest to
academics researchers managers and practitioners in both buyer and vendor companies as well
as in banks and other financial institutions.
