PrimeRevenue has reported strong demand for supply chain finance as companies struggle to source liquidity in today’s credit-constrained environment. PrimeRevenue’s SCF PlatformTM is an online network that links global companies (buyers), their suppliers (suppliers), and third-party financial institutions in a secure web environment. Through supply chain finance, suppliers of all sizes can access financing based on the credit risk profile of the large buyer. The company says this serves to both increase the availability and drive down the cost of financing for suppliers, reducing cost and financial risk throughout the buyer’s supply chain. A network of financial institutions provides liquidity to fund early payment requests. Approximately 300 new suppliers have been added to the SCF Platform – totaling a spend volume of US$5.8bn – in the six months ending September 2008.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.