This year’s SCF Global Awards 2024 celebrated excellence in supply chain finance, honoring organizations that showcased innovation, resilience, and a commitment to supporting suppliers and partners. Amidst economic challenges, these leaders set new benchmarks in SCF practices, often integrating sustainability, adaptability, and efficiency into their programs. 

Mr. Price Group LTD wins SCF GOLD Award and Innovation in Approved Payable Finance Award!

Mr. Price Group LTD, in collaboration with Addendum Financial Technologies, received both the Innovation in Approved Payable Finance Award and the prestigious SCF Gold Award. 

Their SCF program offers dual financing options—SCF and invoice financing—tailored to diverse supplier needs. With a rapid 24-hour onboarding process and 90% supplier coverage, Mr. Price’s adaptable approach enhances financial stability. Their recognition as Gold Award winners underscores their leadership and commitment to delivering innovative, flexible supplier solutions. Moreover, one of the most significant aspects of Mr. Price Group’s program is that it is the first program in Africa to be a Shariah-compliant SCF solution, which sets a new standard for financial inclusion and ethical financing in the region.

Rewe Group wins Best ESG Approved Payable Finance Award

In collaboration with Taulia GmbH, Rewe Group earned Best ESG Approved Payable Finance Award for their innovative, ESG-linked SCF program. Using a tiered ESG pricing structure, Rewe Group incentivises suppliers to adopt sustainable practices, aligning financial benefits with environmental goals. By integrating purchase orders, invoices, and early payments into a single transparent platform, Rewe exemplifies leadership in sustainable supply chain practices. 

BT Sourced wins Best Working Capital Programme Award

BT Sourced, in partnership with C2FO, was awarded the Best Working Capital Programme for its forward-thinking SCF strategy. By integrating SCF and dynamic discounting into a multi-funder model supported by robotic process automation, BT Sourced bridges ERP upgrades and enables flexible funding via corporate reserves or banks. Their scalable program demonstrates how innovation and dynamic pricing mechanisms can unlock working capital efficiencies. 

Bayer AG: Excellence in Approved Payable Finance Award

Bayer AG, in partnership with Taulia GmbH and J.P. Morgan won the Excellence in Approved Payable Finance Award for their efficient global SCF program. With operations spanning 370 suppliers across multiple countries and currencies, Bayer’s “one-stop-shop” approach simplifies supplier onboarding while embedding early payment options. Their solution strengthens supplier relationships, improves transparency, and aligns with their global working capital strategy. 

Anil Walia wins Leader of the Year Award

This year’s Leader of the Year Award recognises Anil Walia of Deutsch Bank for his visionary leadership and significant contributions to the supply chain finance industry. Notably, he has been a pioneer in the field of ESG-linked SCF, playing a key role in the implementation of the first programmes focused on sustainability within supply chain finance. His commitment to driving ESG integration and his influence in shaping the future of SCF make him a truly deserving recipient of this prestigious accolade.

Calculum wins SCF Innovation Award (for Providers)

Calculum won the Innovation Award for revolutionizing supply chain finance with a pioneering solution that integrates finance and real-time transaction monitoring. Their groundbreaking platform sets a new industry standard by seamlessly merging financial insights with transaction data, transforming how SCF processes are managed. 

2024 Award Winners at a Glance

– Best ESG Approved Payable Finance:  
  Winner: Rewe Group  
  Partner: Taulia GmbH  

– Best Working Capital Programme:  
  Winner: BT Sourced  
  Partner: C2FO  

– Excellence in Approved Payable Finance:  
  Winner: Bayer AG  
  Partner: Taulia GmbH  

– Innovation in Approved Payable Finance:  
  Winner: Mr. Price Group LTD  
  Partner: Addendum Financial Technologies  

– Gold Award:  
  Winner: Mr. Price Group LTD  
  Partner: Addendum Financial Technologies  

– Innovation Award:  
  Winner: Calculum  

– Leader of the Year Award:  
  Winner: Anil Walia  

Stay tuned as we delve deeper into each winning case over the coming weeks, showcasing how these leaders are shaping the future of supply chain finance!