Integrates Platform and Funding 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-enabled operating
model seamlessly integrated with their funding partners.
Now newly unified under the GSCF brand, the Company has combined
the operating capabilities of Peridot Financing Solutions LLC with
Global Supply Chain Finance Ltd. Core to this integration is the
Company's convergence onto a common, technology platform that
supports the end-to-end working capital cycle with highly
configurable solutions incorporating expert managed services and
access to alternative capital.
Through significant technology investment, GSCF has further
extended the scope of solutions it delivers to corporate customers
and financial institutions. The resulting capabilities of GSCF's
Working Capital as a Service enable the Office of the CFO to work
with financial partners to execute new working capital efficiency
strategies that build balance sheet strength, manage risk and
complexity, and support business growth.
The Office of the CFO continues to face persistent challenges in
its efforts to drive finance transformation, manage disparate
systems, and integrate data and operational models. In the face of
ongoing economic and supply chain disruptions, companies and their
financial partners are seizing the opportunity to leverage working
capital as a key growth enabler.
In response to this critical need, GSCF's Working
Capital-as-a-Service solution provides customers with:
- A connected capital ecosystem of suppliers, buyers and
financial institutions to create an integrated, frictionless
experience
- An end-to-end holistic platform to enable and optimize
the ecosystem across the full working capital cycle
- A trusted partner offering deep working capital domain
expertise and value-added managed services
- Full risk spectrum coverage across varying customer risk
profiles and geographies through unique access to alternative
capital solutions
- Data-driven intelligence to dynamically manage and
transform working capital into a strategic advantage
According to BCG, companies that have optimized their working
capital are 20% more likely to achieve their revenue growth
targets, and 70% of growth companies that use working capital
solutions saw improved business metrics, including lower days
payable outstanding, faster cash conversion cycles and higher
working capital ratios.
"Working Capital as a Service reflects going beyond relying on
narrow point solutions to accessing a holistic suite of integrated
offerings to manage the entire cash conversion cycle with value
added by optimizing funding sources and leveraging GSCF's
servicing expertise," said GSCF Chief Executive Officer,
Doug Morgan.
"GSCF's Working Capital as a Service has potential to act as a
catalyst for strategic transformation helping companies and their
financial partners to use working capital programs to possibly
drive efficiency and sustainable growth. As the Office of the CFO
continues to evolve, investment in working capital solutions that
are deeply integrated with existing workflows and finance platforms
is of paramount importance," Senior Research Director, IDC
Enterprise Applications, Kevin
Permenter.
About GSCF:
GSCF is the leading global provider of working capital
solutions. The company empowers companies and their financial
institution partners 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 over
75 countries, offering a truly global and holistic perspective to
solve working capital efficiency challenges. Visit www.gscf.com to
learn more.
Contact Information:
GSCF
Natalie Silverman
Chief Marketing Officer
Natalie.Silverman@gscf.com
(609) 577-5083
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