NFS to Extend Treasury to the Supply Chain

Florence - 27 September 2006

· NFS forms strategic alliance with SCF Capital
· John Sculley, co-founder of SCF Capital and former CEO of Pepsi and Apple, to speak at International Treasury conference highlighting some of the concepts behind Extending Treasury to Supply Chain, such as Supply Chain Finance

At the International Cash & Treasury Management Conference, NFS, the global leader in the provision of specialized systems and business process consultancy to the treasury industry, today announced that it has formed a strategic alliance with SCF Capital in order to work with multinational corporates to extend treasury to the supply chain. SCF Capital is a London firm providing cross border supply chain financing.

As 'Experts in Treasury', NFS is in a prime position to advise on such issues, provide the integration solution and facilitate the supply chain, while SCF Capital is behind the financing and program management. John Sculley, former CEO of Pepsi and Apple, is the co-founder of SCF Capital and believes that moving forward we will see corporates extending treasury to the supply chain. Sculley comments; “Such integration will combine the organisation's silos into one process flow where both the financial and the physical supply chains work together. The benefits for the entire organisation in extending the treasury to the supply chain are numerous.” John Sculley will be speaking about 'Corporate Behaviour for the Future' at the conference in Florence on the 28th highlighting some of these benefits.

Magnus Lind, CEO, NFS, comments; “Now is a very exciting time to be working in the treasury arena. NFS continues with its mission to Support and Develop Treasury Operations offering both business and technical expertise for corporates, banks and central banks. Currently our focus is on three key areas; Treasury Support Center, our comprehensive IT and business support service for treasuries operating on a global basis; Treasury Excellence, enabling treasury departments to introduce a generic framework for describing, measuring, improving and benchmarking treasury operations; and now, Extending Treasury to Supply Chain. We look forward working closely with SCF Capital to extend treasury to the supply chain, a move that we believe corporates will follow in the future.”

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