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CBI’S support to the supply chain finance: The Italian experience
Journal of Payments Strategy & Systems,
6
(3),
260-275
(2012)
Abstract
This paper presents the experience gathered by Interbank Corporate Banking (CBI) in Italy in creating financial services that allow interoperability and support supply chain finance. The paper presents the international experience in the e-invoicing market and also shows how some services support the integration of supply chain finance. Interbank corporate banking enables the activation of document exchange, invoice financial request and payment orders, supports automatic reconciliation between commercial and financial data and supports e-invoicing in the business to government area. The CBI standardisation activities could also support interoperability and the creation of international business communities.
Keywords: supply chain finance; Italian financial community; Interbank Corporate Banking; e-invoicing; e-billing; business to government; standardisation
The full article is available to subscribers to the journal.
Author's Biography
Liliana Fratini Passi is Chief Executive Officer of Consorzio CBI, created under the auspices of ABI (Italian Banking Association). The Consorzio CBI owns the governance of the CBI ‘white label’ Service, with the aim of supporting financial institutions in order to ease the corporate management of electronic multibanking connections and e-invoicing transmission. She is also President of the Financial Services WG under the Task Force on Trade Facilitation created by the Ministry for Economic Development, and Domain Coordinator of Finance & Payments domain under Supply Chain Programme Development Area by the UN/CEFACT (United Nations Centre for Trade Facilitation and Electronic Business), and UN/CEFACT liaison with ISO TC 68. She is a board member of the ISO20022 RMG and of the International Payment Framework Association (IPFA), Country Information Manager (CIM) of e-invoicing, member of the Italian Committee for SEPA migration promoted by ABI, member of the former ‘Expert Group on Electronic Invoicing’ appointed by the European Commission and of the Italian Multistakeholder Forum on e-invoicing created by the Italian Tax Authority. She has participated, as speaker and coordinator, in major Italian and international conferences on payment system, e-invoicing and corporate banking. Previously, she worked at ABI for the introduction of the euro in Italy, and she joined Wind Telecomunicazioni SpA (start-up) in the Finance Department, working on all the billing and collection procedures. In 2001, she contributed to the start-up of ACBI, Italian Corporate Banking Association, under the auspice of the ABI. Moreover, in 2008, as Secretary-General, she coordinated the birth of Consorzio CBI.
