Société Générale Factoring take significant step forward in digitalisation strategy with HPD Lendscape

Published 
  • Successful implementation of Lendscape APIs allows Société Générale Factoring to deliver improved digital client experiences, new products, credit and data features

Société Générale Factoring, the subsidiary of Société Générale dedicated to factoring, and HPD Lendscape, an international secured-lending platform vendor, today announced the successful alignment of the Société Générale Factoring’s sophisticated “open factoring” environment to the latest Lendscape API framework.

Using HPD Lendscape’s technology and their micro-service solutions, Société Générale Factoring has developed its bespoke client-facing web portal, in’fact, which delivers value-add online experiences to its factoring and supply chain clients – including professionals, SMEs, non-profit organisations and corporates.

The successful implementation also allows Société Générale Factoring to take further advantage of Lendscape’s capabilities that support supply chain finance on-boarding.

“We have been keen to advance our digital agenda whilst being able to meet client needs, particularly during this period of Covid-19 and beyond,” states Jonathan SL Croft, CIO at Société Générale Factoring. This has been evidenced by the bank’s recently launching a purchase order finance solution to enable clients to receive finance in advance of invoices being raised. “Having a flexible core platform, augmented by our own in-house technology, enables us to be agile and delivery new value-add business requirements.”

Strict deadlines and adherence to financial budgets meant the 2 companies had to act as one team to deliver this initiative. Incorporating business and technical resources across HPD Lendscape and Société Générale Factoring, the success of the project hinged on a collaborative approach that followed agile principles.

Commenting on the project Kevin Day, CEO at HPD Lendscape, said, “Forward-thinking organisations like Société Générale Factoring are key to us channelling investments that align to the industry needs and realising value for our customers. I am extremely impressed with how the team worked together to overcome challenges and achieve delivery.”

“We anticipate more projects like this in the near future, where people and technology are aligned with a common objective, and we are proud to have championed a way of working with the Société Générale Factoring team that transcends traditional customer-supplier relationships.”

Most recent episodes

£15 Billion Stimulus Pumped into UK Economy to Ward Off Recession Fears

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 7th June...

04:44

Advantage Treasury

Eleanor Hill is joined in the virtual TreasuryCast studio by Nicolas Cailly and Philippe Penichou (Societe Generale) to look at treasury trend predictions for the remainder of 2022, with a particular focus on virtual accounts. In this deep dive into current and future treasury priorities, our guests...

24:22

40th Annual New York Cash Exchange: What Can Treasurers Expect?

Ahead of the 40th annual New York Cash Exchange, two of TMANY's distinguished board members, David Miller and Timothy T. Hesler, CTP, provide TMI CEO, Robin Page, with a quickfire rundown of what attendees can expect from this year’s conference. Our guests share their aspirations for the event, explain...

09:58

Expectation-Beating Inflation Prints Ratchet Up Pressure on Monetary Policy

Welcome to the third edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 9th May...

04:48

Making the Sustainable Transition: A Roadmap to ESG in Treasury

Over the last 18 months, Societe Generale has experienced a steady increase in requests from their corporate clients to integrate ESG features in treasury management.  Louis-David Rouyer, Philippe Pougeard, and Emmanuelle Petelle (Societe Generale) provide TMI's Eleanor Hill with a whistlestop run...

22:24

Lift Off for Fed Rate Rises

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 5th of...

04:58

Treasury in 2022 and Beyond

Industry experts Bob Stark (Kyriba) and Sebastian di Paola (PwC) join TMI's Editor, Eleanor Hill, to explore the very latest treasury trends - and to discuss how smart treasurers can get ahead of th...

43:21

How BearingPoint Harnessed Data-Driven Forecasting with CashAnalytics and SAP

Listen back to our recent forecasting masterclass, where Group Treasurer Eveline Stam, and Conor Deegan (CashAnalytics) provided TMI's Eleanor Hill with a comprehensive overview of how consultancy firm BearingPoint achieved company-wide cash forecasting nirvana by combining specialist solutions from...

37:14

The 3 T’s of The Future: Tech, Treasury, and Transformation

Over the past two years, an increasingly dynamic environment has not only accelerated technology development – from quantum computing to blockchain technology, and even the metaverse – but also technology adoption, bridging colleagues and breaking down silos in a remote work world. In this podcast,...

44:02

Monetary Policy Continues to Drive Markets as Ukraine Invasion Weighs on March Meetings

Welcome to the second edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 3rd of...

05:25