First working capital summit for Joburg
Mary Arrizza
After two successful stints in San Francisco and Chicago, Taulia’s Working Capital Summit is set to launch in Johannesburg, for the first time on March 11 this year.
The summit, hosted by The Money Show’s Bruce Whitfield, will bring together some of the brightest minds in the financial technology business to discuss the latest in working capital finance solutions.
The summit will provide a forum for key business minds to showcase their expert-leading industry knowledge, network with event-goers and discover unique ways to apply this knowledge to their own businesses.
A recent Working Capital Index study conducted by JP Morgan found a staggering $460bn of working capital is confined across the supply chains of the S&P 1500 companies, which highlights an incredible opportunity for businesses to unlock trapped cash and propel their business’s growth through technology and innovation solutions.
Taulia’s CEO Cedric Bru said optimizing working capital and cash flow management should remain on the minds of top business leaders worldwide at large and small businesses.
“An uncertain economic climate can put pressure on business leaders to manage their capital effectively, and we want to assist them with unlocking trapped cash in their supply chains so they can invest in research and development, mitigate risk and propel their business growth forward. South Africa has such a pool of talent and great companies, technology is available to them to thrive; we couldn’t be more excited to come together with our partners and prospects to share our insights,” Bru said.
Director at Intellection Wouter Pretorius said companies that are willing to embrace technology solutions are reaping the rewards of gaining additional liquidity trapped in their supply chains. “Working capital innovations allow companies to grow their programmes at a much faster rate than ever before, and this liquidity can be allocated to investment in other, much-needed areas of a business. It’s a win-win for everyone involved. The goal of this summit is to show companies how to better implement technology solutions so they can become the ultimate players in their fields.”
Featured speakers include Taulia CEO Cedric Bru, Francois Coetzee, treasury at Sasol and Maex Ament, vice -chairman of Product and Technology at Greensill.
