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Integrate financing platforms and capabilities to create the first connected capital ecosystem
NEW YORK, May 22, 2024 /PRNewswire/ — GSCF, a leading global provider of working capital solutions, today launched the industry’s first working capital as a service (WCaaS) solution. This innovative new offering enables companies to optimize liquidity management by applying a technology-based operating model that is seamlessly integrated with their financing partners.
Now newly unified under the GSCF brand, the Company has combined the operational capabilities of Peridot Financing Solutions LLC with Global Supply Chain Finance Ltd. The core of this integration is the Company’s convergence on a common technology platform that supports the capital cycle of end-to-end work with highly configurable solutions that incorporate expert-managed services and access to alternative capital.
Through significant investment in technology, GSCF has further expanded the scope of solutions it offers to corporate clients and financial institutions. The capabilities resulting from GSCF’s working capital-as-a-service solution enable the Office of the CFO to work with financial partners to execute new working capital efficiency strategies that strengthen the balance sheet, manage risk and complexity, and support growth. business.
The Office of the CFO continues to face persistent challenges in its efforts to drive financial transformation, manage disparate systems, and integrate data and operating models. In the face of continued economic and supply chain disruptions, businesses and their financial partners are seizing the opportunity to leverage working capital as a key enabler of growth.
In response to this critical need, GSCF’s working capital-as-a-service solution offers clients:
According to BCG, companies that have optimized their working capital are 20% more likely to meet their revenue growth goals, and 70% of growing companies using working capital solutions saw improvements in their business metrics , including fewer days of outstanding payments, faster cash conversion cycles and higher working capital ratios.
“Working capital as a service reflects going beyond relying on one-off solutions to access a holistic set of integrated offerings to manage the entire cash conversion cycle with added value by optimizing funding sources and leveraging expertise in capital services. GSCF,” said GSCF CEO Doug Morgan.
“GSCF’s Working Capital as a Service has the potential to act as a catalyst for strategic transformation, helping businesses and their financial partners utilize working capital programs to potentially drive efficiency and sustainable growth. As the Bureau As the CFO’s role continues to evolve, investing in working capital solutions that are deeply integrated with existing financial workflows and platforms is of utmost importance,” said Kevin Permenter, senior research director, IDC Enterprise Applications.
About GSCF:
GSCF is the world’s leading provider of working capital solutions. The company enables businesses and their partner financial institutions to accelerate growth, unlock liquidity, and manage the risk and complexity of the end-to-end working capital cycle. GSCF’s innovative working capital-as-a-service offering combines the power of an end-to-end connected capital technology platform with expert-managed services and alternative capital solutions. GSCF’s team of working capital experts operates in more than 75 countries and offers a truly global and holistic perspective to solve working capital efficiency challenges. Visit www.gscf.com for more information.
Contact information:
GSCFNatalie SilvermanDirectora de Marketing Natalie.Silverman@gscf.com (609) 577-5083
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