Multinational corporations with regionally dispersed and large supply chains are expanding growth opportunities with supply chain finance programs. By supporting their suppliers with better terms and faster payments in a way that doesn’t impact working capital allocation, senior finance leaders are better able to manage a complex supplier network. Modern CFOs are turning to their treasury team, who manage the funding of payments to their suppliers, for technology enabled solutions that deliver supplier payments on a secure platform to reduce risk and generate free cash flow.
Graff Diamonds, established in 1960 by London-born Laurence Graff, has grown to become synonymous with only the finest and rarest of diamonds and in 2018 has more than 45 of its own stores across Europe, Asia, the United States and South Africa. To manage the financial success of the company, Graff Diamonds has also expanded and localized finance teams. However, increasing operational inefficiencies and a desire to have more accurate decision support has driven Graff to bring-on modern finance solutions from Kyriba.