Coca-Cola Amatil enjoys a working capital pickup

Supplier-finance programmes are all the rage in Australia and one of the pioneers is Coca-Cola Amatil.
Michael Braude,treasury operations manager Coca-Cola Amatil (CCA)
Michael Braude,treasury operations manager Coca-Cola Amatil (CCA)

Australia-listed food and beverage company Coca-Cola Amatil CCA has implemented a supplier-finance programme whereby the businesses that supply it with raw materials can discount their invoices and obtain access to funding. In return, CCA has been able to extend its payment cycle, enjoying a working capital pickup along the way. Michael Braude, the company’s treasury operations manager, explains why the programme was implemented and what other companies considering such an offering should look out for.

When did CCA set up its supplier-finance programme, and what was the reason for doing so

We started the programme in 2007 after a number of banks approached us with supplier-financing initiatives. The proposition was simple we could...

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