**Casablanca**: The Bank of Africa, in collaboration with Kyriba and Mazars, held a seminar focusing on optimising working capital for Moroccan companies through Supply Chain Finance. The event featured discussions on corporate financing challenges and showcased a new digital platform aimed at enhancing cash management practices.
On March 12, 2023, the Bank of Africa, in collaboration with Kyriba and Mazars, held its third annual seminar on Supply Chain Finance at the Barcelo Casablanca hotel. The event, entitled “Iftar SCF BANK OF AFRICA & Kyriba 2025,” attracted a diverse audience of business leaders, executives, and cash management experts to engage in discussions about the pressing strategic challenges concerning corporate financing.
The seminar provided a platform for attendees to explore various strategic topics in a setting that encouraged exchange and reflection. Central to the discussions was the optimisation of working capital needs for Moroccan companies through the implementation of Supply Chain Finance (SCF) as an innovative funding avenue. A masterclass was also part of the agenda, which examined the technological tools available to treasurers, including enterprise resource planning (ERP) systems, application programming interfaces (APIs), XML formats, artificial intelligence, and both low-code and no-code solutions.
During the seminar, the Bank of Africa reaffirmed its commitment to being a leading force in financial innovation and the advancement of cash management practices. The bank spotlighted its dedication to digital transformation, particularly through the launch of its collaborative platform known as “SCF BY BANK OF AFRICA.” This platform marks a significant milestone as Morocco’s first 100% digital Supply Chain Finance solution.
Designed for self-service use by both buyers and suppliers, the SCF platform seeks to simplify the management of payment schedules. It serves as an alternative financing option that provides suppliers with immediate liquidity at competitive rates. By expediting the payment process for invoices, the platform aims to enhance cash flow, strengthen business relationships among companies, and mitigate the risk of disruptions within the supply chain. Additionally, the platform offers support and training to promote improved financial management.
The successful execution of the seminar underscores the urgency of evolving cash management strategies in tandem with technological advancements, as financial practitioners seek innovative solutions to enhance their operational capabilities.
Source: Noah Wire Services
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