SCF Readiness Quick-Scan for Corporates
The SCF Readiness Quick Scan for Corporates is an assessment of a corporate organization’s readiness for implementing an SCF solution and can be used as a first step in a corporates’ journey towards launching an SCF program. We focus on six important areas for any successful SCF implementation by interviewing internal and external stakeholders and analyzing the various P2P processes and supplier spend data.
The main benefits of the SCF Readiness Quick Scan
Due to our structured approach we are able to complete the Quick Scan in a timeframe of only one week. The collaboration with Capital Chains is based upon a clear division of work and with different roles and responsibilities per building block of our approach.
The Quick Scan defines the main challenges and risks for the envisioned SCF implementation. It not only indicates how much effort an implementation will take, but more importantly it enables the buyer to anticipate on these main challenges and risks beforehand avoiding problems down the road and ensuring a successful implementation.
Lessons learned: the Quick Scan often indicates that the level of awareness around SCF within the organization could be improved, which can be achieved by organizing specific trainings or workshops before progressing with next steps. A companywide (common) understanding of the SCF offering reduces the design and implementation duration, while increasing its effectiveness significantly.
The final outcome of the SCF Readiness Quick Scan is a high-level business case. The business case is determined by comparing the potential benefits to be gained in the coming years versus the costs to be incurred by implementing the SCF program. Presenting it internally results in buy-in from senior management and serves as a solid basis for the investment decision to run a full SCF program design and implementation project.
The six elements of the Quick Scan
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