Supply Chain Finance Provider of the Year
This award recognises a supply chain finance or confirming provider of domestic and/or cross border financing that is driving change in the industry with market initiatives, product offerings and supplier on-boarding.
Supply chain finance, for the purpose of this award, is defined as approved payables supplier finance including reverse factoring and confir+ ming.
Judges will consider:
- Demonstrable growth in market share and/or global coverage in the past 12 months
- Clear endorsement from suppliers and buyers
- Evidence of deal volumes with a few examples provided, detailing size and complexity
- Examples of how the supply chain finance programme stands out from its competitors in terms of product design, services supplied and technology
Invoice Finance Provider of the Year – Non-bank
This award recognises an independent invoice finance provider (including factoring, selective invoice finance and invoice discounting) that has over the past 12 months shown exemplary customer service, high customer retention, innovative product design and delivery.
Judges will consider:
- How the company has developed their invoice finance product(s) in the past 12 months
- Demonstrable growth in market share and/or global coverage in the past 12 months
- Number of clients and number of new clients in the past 12 months, including volume of deals
- Examples of why the company stands out from its competitors in terms of innovative product offerings, use of technology, client experience and growth
- Evidence of successful deal execution with a few examples provided, detailing size, complexity, and client testimonials
Invoice Finance Provider of the Year – Bank
This award recognises a bank that has over the past 12 months shown exemplary customer service, high customer retention, innovative product design and delivery.
Judges will consider:
- How the company has developed their invoice finance product(s) in the past 12 months
- Demonstrable growth in market share and/or global coverage in the past 12 months
- Number of clients and number of new clients in the past 12 months, including volume of deals
- Examples of why the company stands out from its competitors in terms of innovative product offerings, use of technology, client experience and growth
- Evidence of successful deal execution with a few examples provided, detailing size, complexity, and client testimonials
Domestic Factoring Provider of the Year
This award recognises a domestic factoring provider that is driving change in the industry with market initiatives, product offerings and client investment.
Judges will consider:
- Demonstrable growth in market share and/or global coverage in the past 12 months
- Evidence of deal volumes with a few examples provided, detailing size and complexity
- Examples of how the factoring product stands out from its competitors in terms of product design, services supplied, and technology utilised
- Customer satisfaction – client testimonials to be provided
International (import/export) Factoring Provider of the Year
This award recognises an international factoring provider that is driving change internationally in the industry with market initiatives, product offerings and client investment.
Judges will consider:
- Demonstrable growth in market share and/or global coverage in the past 12 months
- Evidence of deal volumes with a few examples provided, detailing size and complexity
- Examples of how the product stands out from its competitors in terms of product design, services supplied, and technology utilised
- Customer satisfaction – client testimonials to be provided
Alternative Receivables Finance Platform of the Year
This award recognises an alternative receivables finance platform that has over the past 12 months shown exemplary customer service, high customer retention, innovative product design and delivery.
An alternative receivables finance platform for the purpose of this award is defined as a platform that delivers working capital receivables or payables finance solutions to SMEs.
Judges will consider:
- How the company has developed their invoice finance product(s) in the past 12 months
- Demonstrable growth in market share and/or global coverage in the past 12 months
- Number of clients and number of new clients in the past 12 months, including volume of deals
- Examples of why the company stands out from its competitors in terms of innovative product offerings, use of technology, client experience and growth
- Evidence of successful deal execution with a few examples provided, detailing size, complexity, and client testimonials
Receivables Finance Technology Solution Provider of the Year (vendor)
This award recognises a technology solution provider whose products are tailored for factoring and/or invoice financing, enabling financiers greater efficiency, security and customer experience.
Judges will consider:
- How the product is tailored for factoring and specific issues that are solved through implementation
- Number of clients and number of new clients in the past 12 months
- Examples of how the solution stands out from its competitors in terms of offering greater efficiency, security, and customer experience
- Evidence of successful implementation with a few examples provided, detailing size, complexity, and client testimonials
Most Innovative Fintech of the Year
This award recognises companies making receivables/payables finance industry-changing innovation through their products. We are looking for a vendor’s technology platform which is new or has been majorly renewed or improved.
Judges will consider:
- Market interest achieved in the past 12 months
- Evidence of innovative approach to the development of the platform
- Evidence of market deployment (e.g. number of users/licences etc.)
- Clear endorsement from the clients
ESG Invoice Financier of the Year
This award recognises an organisation that in the past 12 months has made a significant contribution to ESG-linked invoice finance sector.
For this category, sustainability and ESG-linked finance is a financial practice designed to incentivise the borrower’s achievement of environmental, social, or governance targets through pricing incentives.
Judges will consider:
- Demonstrate growth of the share of sustainability-linked finance in the overall receivables finance portfolio
- Evidence of sustainability-linked finance deals growth with a few examples, detailing the size and complexity
- Examples of the support initiatives of the responsible ESG projects
- Examples of withdrawal from supporting non-sustainable business activities if any, for example thermal coal sector etc.
Development Bank of the Year
This award recognises a development bank who has over the past 12 months increased uptake and knowledge of the receivables/payables finance industry in developing countries:
Judges will consider:
- How the bank has worked to increase the use and knowledge of receivables/payables finance in developing regions in the past 12 months
- Demonstrable growth of market share, turnover and global coverage in the past 12 months
- Examples of programmes and initiatives established with local banks and governments
- Examples of why the bank stands out from others in terms of innovative programmes, use of technology, client experience and positive growth
- Examples of educational projects held in the past 12 months to increase knowledge of receivables finance in emerging markets
Trade Credit Insurance Broker of the Year
This award recognises a trade credit insurance broker who has demonstrated outstanding performance in the last 12 months in the receivables and payables finance sector including exemplary customer service, high customer retention, new clients’ portfolio growth, innovative product design and delivery.
Judges will consider:
- How the product is tailored for the industry and specific issues that are solved through implementation
- Demonstrable growth in market share and/or global coverage in the past 12 months
- Number of clients and number of new clients in the past 12 months, including volume of deals
- Examples of why the company stands out from its competitors in terms of innovative product
- Offerings, use of technology, client experience and growth
- Evidence of successful/innovative deal execution with a few examples provided, detailing size, complexity, and client testimonials
Trade Credit Insurer of the Year
This award recognises a trade credit insurance provider who has demonstrated outstanding performance in the last 12 months in the receivables and payables finance sector including exemplary customer service, high customer retention, new clients’ portfolio growth, innovative product design and delivery.
Judges will consider:
- How the product is tailored for the industry and specific issues that are solved through implementation
- Demonstrable growth in market share and/or global coverage in the past 12 months
- Number of clients and number of new clients in the past 12 months, including volume of deals
- Examples of why the company stands out from its competitors in terms of innovative product Offerings, use of technology, client experience and growth
- Evidence of successful/innovative deal execution with a few examples provided, detailing size, complexity, and client testimonials
Global Receivables Finance Provider of the Year
This award recognises an outstanding financial institution that, over the past 12 months, has grown its receivables finance business and proven itself as a key international player within the industry.
Judges will consider:
- Demonstrable growth in market share and/or global coverage in the past 12 months
- Clear endorsement from clients
- Evidence of deal volumes with a few examples provided, detailing size and complexity
- Evidence of innovative approach to the development of the product
- Examples of how the institution stands out from its competitors in terms of innovation, thought leadership, client experience and positive growth
Personal Awards
The following awards are presented to individuals and as such these will be awarded by the judging panel without prior nominations being made public.
Companies are welcome to nominate individuals within their organisations.
- Industry Ambassador of the Year
This award will be given to an individual who is considered to have done more than any other to promote, develop and enhance the reputation, economic role, and social status of the industry.
This prestigious award goes to an individual who has made a significant contribution to build and shape the global receivables finance industry during their career. Their contribution will have driven new developments across the industry. They will have successfully steered companies and mentored colleagues through challenges and taken strategic leadership within their organisation and the factoring community as a whole. They will be a top influencer amongst their peers, and with the wider business.
Applications close 5 April 2024
To enter the RFIx 2024 Awards please click here or send all entries to awards@bcrpub.com