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" ... Imagine you’re an aircraft manufacturing firm. You have thousands of suppliers, hundreds of banking partners and logistics providers in dozens of countries. You’re dependent on the timely delivery of millions of parts every year. At each step of the physical and financial supply chain there are blockchain applications that can deliver efficiency gains in paper processes in procurement and order management; working capital improvements, by speeding up payables and receivables processing; and risk reduction with track and trace capabilities in the logistics supply chain. ... "
" ... Jeff Thomson: Tipalti offers its clients ease with global payables operations, paying to 190 countries with 120 currencies. Given the current worldwide pandemic, why are software solutions like Tipalti critical for business continuity? What challenges to CFOs does it help address? ... "
" ... The average Days of Payables increased 20 days across industries. Companies with the highest margins like pharmaceuticals, beverage and beauty increased payables the most. When you think about the impact on a shared value chain like chemicals, contract manufacturing and transportation, the pharmaceutical companies making 20-22 percent margin are asking companies making 8-10 percent margin to fund their supply chains. Drink if you think that this is collaboration. ... "