A successful supply chain finance competency framework should include a combination of technical skills, industry knowledge, and soft skills. Some key competencies that might be included in such a framework are:
- Knowledge of supply chain finance concepts and techniques, such as working capital optimization, cash flow management, and trade finance.
- Familiarity with relevant regulations and industry standards, such as the Bankers Acceptance Rule, Letter of Credit rules, and UCC Article 5.
- Strong analytical and problem-solving skills, with the ability to identify opportunities for improvement and develop creative solutions.
- Excellent communication and negotiation skills, with the ability to build strong relationships with internal and external stakeholders.
- Strong project management skills, with the ability to manage multiple projects simultaneously and ensure that they are delivered on time and within budget.
- A high level of proficiency with relevant software and technology, such as enterprise resource planning (ERP) systems, financial modeling tools, and data analytics platforms.
- A deep understanding of the business environment, including market trends, competitive dynamics, and regulatory changes, and the ability to use this knowledge to inform decision-making.
Qube Supply Chain Finance Added Value
PRI® Supply Chain is a proprietary payables & receivables management platform, supported by Qube Servicing, generating improvement of working capital by accelerating the payment cycle and turning receivables into cash faster.
The PRI® Supply Chain platform manages, controls and monitors, on a daily basis as well as intraday, all tasks defined as part of supply chain finance to ensure:
- Enhanced visibility of approved invoices;
- Accelerated collections processes;
- A low-cost financing option; and
- Streamlined account reconciliation and forecasting,
PRI® Supply Chain has been developed based on the in-depth experience with supply chain finance as well as receivables finance with the objective to have a fully front-to-backend automated supply chain finance platform based on historic and actual creditor data which to provide full insight & transparency which will be evidenced by demo on request.