Article for the World Factoring Yearbook 2024:Investing in innovation:A path that always pays off Investment in research and development (R&D) is at the heart of innovation-driven corporate management. In other words: without R&D there is no innovation, and without innovation there is no competitive advantage on the market. Ultimately, it is about achieving future economic…
Interview with Trade Finance Global:Turbocharging the growth of factoring and supply chain finance in MENA and India Go to article Go to mini magazine An interview with Deepesh Patel from Trade Finance Global, Federico Avellán Borgmeyer (Chief Partner Officer at efcom), Abdelrahman Elbeltagy (Islamic Finance Specialist at efcom) and Vikram Nair (CEO at Xilligence). …
Documentation: dynamic growth The extent of user documentation at efcom has increased tenfold over the past 10 years. This is due to the continuous development of our software features and interfaces which must be documented accordingly. Software manufacturers in Germany are obligated by law to document their products for their customers. Ultimately, this is about…
The use of predictive analytics for supply chain finance, part 2 4. Example scenario Let’s go through an example of how ML can be used to generate usable results in the area of SCF. Let’s assume that the user of such a tool is a medium-sized international financing bank. Ideally, the bank already has a…
Internal exchange of knowledge:Expert know-how passed on in over 35 webinars. Exchanging knowledge internally is one of the most important things a company can do. We have also made it our mission to pass on expertise from colleague to colleague and have launched an internal webinar series at the beginning of 2022. This involves one-hour…
The use of predictive analytics for supply chain finance, part 1 What if you could imagine the ideal SCF world? There would be stable material flows across all channels and borders. We would have a fully digitalised workflow at financing level without any loss of time or other efficiency. Decisive criteria with regard to ESG…
Cloud Factoring—a must for receivables financing Use cloud or on-premises? This is a question that providers of receivables financing services have been asking themselves for a long time. There is no simple response to this question as a multitude of internal and strategic factors play a role here. As with all decisions, the pros and…
Intelligently predict risks: with AI to the next level of factoring services In receivables financing, it is crucial for the factor to react quickly while taking decisions that will have an immediate impact on its profitability or even upon its business continuity: 1. How good is the “quality” of receivables a client would like to…
We are here for you — even in difficult times. We at efcom also take the situation regarding the coronavirus (COVID-19) very seriously. The health of our employees is very important to us. Thus, the majority of our personnel will be working from home for the time being. Does this affect our service in any…
Guest contribution: Mark S. Mandula, Chief Marketing Officer United Capital Funding I hope this article finds you and your families well and safe during the current COVID-19 pandemic. As I am sure is the case with many of you, the COVID-19 pandemic that has ravaged the global economy seems to be abating in the EU…
