If you feel banks are holding you back when it comes to your supply chain finance initiatives, you’re not alone. But there are other factors to consider, as well.

According to a recent study by the Aite Group, a majority of employers feel that banks are responsible for making supply chain finance (SCF) management difficult.

Specifically: 79% of companies said banks are responsible for an information gap due to poor data communication, and 61% said are not providing enough info.

These factors are largely responsible for delays when it comes to SCF programs.

However, part of the problem may stem form the companies themselves. For example, companies may not be prepared for the amount of time, resources, etc., it takes for info to be distributed efficiently between themselves and their banks in a successful SCF program.

Readers, does your company have plans for a SCF initiative in the works? Let us know in the Comments section.

Tags: Aite Group, Banks, Data communication, Info, SCF, Supply chain finance