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From Trade Finance to Supply Chain Finance to Procurement Finance

  • Bernardo NicolettiEmail author
Chapter
Part of the Palgrave Studies in Financial Services Technology book series (FST)

Abstract

Trade finance is a long-established financial product. Over time, it has been extended to the financing of the entire supply chain. A modern vision considers the entire end-to-end procurement process. It is what this book defines as procurement finance. Procurement finance includes a holistic view of trade finance and supply chain finance. It extends also to the management of the payments connected with procurement. As such, it is an essential component also of the treasury management for the organizations. Its main objective is to manage the entire process in such a way to improve the relationships with the vendors, optimize working capital and liquidity, support effective payment systems, and add value to the customers and to the organization.

Keywords

Trade finance Supply chain finance Procurement finance Finance and procurement Treasury management Working capital optimization Liquidity optimization Commercial banking Corporate banking 

Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.Rome campusTemple UniversityRomaItaly

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