The new reality of 2020 has laid bare the discrepancies among business processes and the gaps in the supply chain finance function. And before the COVID-19 pandemic disrupted supply chains across the globe, there were shifting global trade agreements, and there were increased buyer and supplier expectations, and there were stifling economic headwinds, and there were margin compressions. Basically, the last few years brought – disruption after disruption – and banks with legacy on-premises supply chain finance applications have had to patch, update, and customize their systems to keep up with ever-changing business needs.
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