According to a new Aite Group study, 60% of supply chain finance practitioners surveyed struggled to find the right solution for their supply chain finance platform.
Boston, June 14, 2017 — Aite Group’s latest report, Supply Chain Collaboration: Why Banks Should Care, shows that as soon as a bank places the corporate customer at the center of its delivery strategy, it must adjust its strategy to incorporate the business dynamics that influence and shape its corporate client’s decisions. This is because almost any business decision a corporate client makes will have an impact on the supply chain, and in a globalized world, supply chain collaboration is one of the most highly prioritized corporate objectives.
“The complexity of technologies that support supply chain collaboration could potentially offer banks a reason to take their time and wait,” says Aite Group senior analyst Enrico Camerinelli. “However, banks must react and run internal conversations motivated by the business opportunities these innovative and potentially disruptive technologies bring,” he says.
This report identifies the elements that build supply collaboration and suggests scenarios in which corporate transaction banking specialists and software solution providers can play a relevant role. It is based on the results of an email questionnaire sent to supply chain management and supply chain finance practitioners between February and March 2017.
About Aite Group:
Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us on the web and connect with us on Twitter and LinkedIn.