French firm Corporate LinX has opened a UK office based in Hampshire and supported by a technical team headed by Dean Randle.
Corporate LinX eXchange (CLeX) transactional portal assists clients in the optimisation of cost reduction and working capital between the clients’ buyer organisations and their suppliers. The dematerialisation and collaborative processing of all purchase-to-pay (P2P) data through CleX allows many benefits, including the possibility for suppliers to achieve early payment against discounts (reverse factoring) at more favourable terms than other trade finance options. The participation of financial organisations in the collaboration reduces their risk and cost of operation and allows them to offer more flexible settlement terms to suppliers.
Fabien Jacquot, Corporate LinX chief executive, said: “This expansion is obviously a positive sign of development, putting the company in an even stronger position to accompany our clients’ own international development.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
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