Winner: BT Sourced
Partner: C2FO
BT Sourced, in partnership with C2FO, has been honoured with the Best Working Capital Programme Award, recognizing its innovative approach to supply chain finance (SCF) and working capital management. This accolade underscores BT Sourced’s leadership in leveraging advanced technology and dynamic financial strategies to optimize operational efficiency.
At the core of their award-winning programme is the integration of SCF with dynamic discounting, supported by a multi-funder approach. By combining these elements, BT Sourced has created a robust and flexible working capital solution that caters to diverse supplier needs. As one jury member highlighted, “BT Sourced managed to replace a single-bank legacy solution with a multi-funder programme that encompasses SCF and dynamic discounting. Very impressive growth rates!” Their use of dynamic pricing mechanisms ensures scalability while providing suppliers with tailored options for early payments. This innovative strategy not only unlocks capital efficiencies but also strengthens supplier relationships.
BT Sourced’s programme is further distinguished by its use of robotic process automation to bridge gaps created by ERP upgrades. This automation enhances efficiency, reduces manual workloads, and ensures seamless operations across the supply chain. One jury member remarked, “impressive use of robot automation as a solution to help integrate into the ERP systems while the ERP landscape was upgraded.” The programme’s flexible funding model, which utilizes both corporate cash reserves and banking partners, adds another layer of adaptability, making it resilient in the face of changing market conditions. As the jury noted, “The new setup allows for banks to fund the programme or BT to invest its own corporate cash.”
In a competitive SCF landscape, BT Sourced stands out for redefining how companies approach working capital optimization. Their programme serves as a model for organizations seeking to balance innovation with operational excellence. A jury member observed, “The way technology was used to streamline working capital was really innovative. The dynamic pricing mechanism that was developed, driving the solution for SMEs, it is really an example.” By aligning cutting-edge technology with strategic funding, BT Sourced has set a new standard for scalability, transparency, and supplier engagement.
BT Sourced’s achievement is a testament to their forward-thinking vision and commitment to creating value through sustainable financial solutions. Their ability to merge dynamic discounting, SCF, and innovative technological developments into a cohesive programme highlights their dedication to driving efficiency and fostering effective collaboration with suppliers.
As businesses continue to navigate complex supply chain challenges, BT Sourced’s case exemplifies how organizations can harness technology and innovation to unlock working capital opportunities. Their programme demonstrates the transformative potential of financial strategies that are both adaptable and scalable, inspiring other companies to reimagine their own working capital frameworks.
BT Sourced’s success with this programme underscores the importance of collaboration, innovation, and agility in modern supply chain finance. By leading with bold strategies and leveraging technology, BT Sourced has firmly positioned itself as a trailblazer in working capital management, earning this well-deserved recognition for their accomplishments.