According to the latest data provided by the Spanish Factoring Association, 266,652 million euros were financed through Factoring and Confirming last year, a slightly lower amount than in the previous year, 2023 , and representing a slight year-on-year decrease of 1.38%. (more…)
On January 24th and 25th, the 10th edition of the Supply Chain Finance Summit which every year brings together experts from the Confirming sector, was held in Madrid. Alvantia has once again sponsored the event. (more…)
All companies need financing, either for investment or as working capital for day-to-day operations. Working capital is used to purchase supplies for production, finance inventory and thus have capital available until customers pay invoices. Therefore, access to appropriate instruments (alternative financing) to manage working capital requirements is key in global efforts to reduce the financial gap between SMEs and large companies. (more…)
Last week we had the opportunity to attend a very interesting online seminar organised by the Latin American Factoring Association (FELAFAC), in which an in-depth analysis of the current situation of factoring in the region was carried out. The experts talked about what we can expect of the industry in 2023. (more…)
On January 24th and 25th, Alvantia participated in the Supply Chain Finance Summit 2023, a meeting that was held at the Cecabank offices in Madrid and brought together the main players in the Confirming sector at an international level.
The event, organized by BCR Publishing, in collaboration with FCI and the Spanish Factoring Association (AEF), had an interesting program focused on the latest trends in the SCF industry. (more…)
Within the Confirming activity, the management of sending remittances is a process that, a priori, can be trivial. However, this is a key phase in which different business areas of the entity are involved (such as Operations, Sales and Technology) and in which it is essential to successfully address one of its main problems: the management of the large variety of formats that have emerged over the years. (more…)
Roberto Gutiérrez (CEO – Alvantia)
For the World Factoring Yearbook – BCR publication in association with FCI
Just over a year ago in April 2020, Spain was in the throes of the first wave of the pandemic and plunged into a state of economic semi-paralysis. The vast majority of companies were closed, people were working remotely and the figures for unemployment, furloughs and temporary redundancy plans were growing each day. It seemed as if, to add insult to injury, an economic virus was following in the footsteps of the coronavirus.
On January 26th and 27th, the “Supply Chain Finance Summit” was held once again, BCR’s annual event where the latest trends in the sector are shown and where the leaders of the trade finance industry share their ideas.
(more…)
Confirming or Supplier Financing programs known as Supply Chain Finance (SCF) have proven to be a good tool for managing payments from companies as well as providing financing for their SME suppliers. Since its origin, the product has undergone many variations, improvements, and advances in the market, all of which have served to demonstrate how important it has become to its users as it continues to add value to them in particular and the market in general.
