Pimkie’s Reverse Factoring program has brought sizeable working capital improvements while bolstering relationships with key suppliers. Accessible-fashion company Pimkie works with over 200 suppliers located across Asia, Maghreb, Turkey and Europe. The company handles €230 million in purchasing each year. A need for change The company identified multiple inefficiencies which needed to be resolved. With half of the company’s purchases made using letters of credit – particularly with Asian suppliers – the goal was to optimize existing purchasing processes. “The existing management method imposed a greater workload on our teams with little value added, and its extensive process lead to numerous errors,” said Group Treasury Manager Grégory Ambrosio. While the company had previously ad

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