As the current global instabilities show no sign of abating, the challenges of managing the treasury function for a firm with a higher level of leverage, and their sensitivity to market adjustments, increase accordingly. When adding large client numbers and complex supply chains to the equation, some firms have a unique set of challenges to overcome in 2024 – with factoring facilities one potential method they can employ to maintain stability in such an environment

Synthomer are a global chemicals business, operating across over 40 countries in a sector sensitive to macroeconomic and geopolitical shifts. Over the past 2 years, they have looked to overcome these challenges through the creation of factoring facilities, in order to improve cash-flow and enhance financial planning and maintain a greater degree of control of their cash management.

In this case-study style session, Patrick Minjauw, Grroup Head of Treasury at Synthomer, will lift the lid on the journey they have been on to implement their factoring facilities, giving insight into the benefits – and challenges – of such an approach