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Wells Fargo Announces Supply Chain Finance Originations Group - Vendor Portal Expert

Wells Fargo Announces Supply Chain Finance Originations Group

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Wells Fargo

Wells Fargo Announces Supply Chain Finance Originations Group

Wells Fargo Announces Supply Chain Finance Group

I saw this news story about Wells Fargo creating a Supply Chain Finance group in North America.

Though I think it will take a while for any meaningful new products or services to emerge from this group I think we will see some meaningful partnerships arise in the short run. In the

It looks like this is a solid step for Wells to consolidate a number of their products into one division. In the release, they suggest that they will be able to better serve their customers with an integrated approach across the Well Fargo platforms.

I expect, in the not so distant future, to see some new suggesting that they are consolidating some of these tools on the same platform.


Wells Fargo Capital Finance announced the new originations team for its Supply Chain Finance Group.  This team is a result of the acquisition of GE Capital’s Commercial Distribution Finance business, which has now made Wells Fargo Capital Finance the largest channel finance provider in North America. John Schmidt has been appointed to lead new team.

Schmidt reports to Scott Diehl, head of Global Capital Solutions for Wells Fargo Capital Finance, who noted that, “The new Vendor and Business Development structures will improve our ability to serve our customers and prospects with their financial needs with a goal to become their trusted advisor. With John and these focused teams, we have the ability to deepen our relationships with our customers and prospects and while ensuring a seamless and integrated approach to how we work with them across our platform.”

The Supply Chain Finance Group consists of three products: Channel Finance, Supplier Finance and Sales Finance, all with a focus on delivering working capital financing products that support the growth and liquidity of buyers and sellers of products in technology, manufacturing, distribution, retail, consumer products, aerospace, automotive, and energy. These programs are individually tailored and address both payables and receivables for companies and their trading partners, helping to support their operations with liquidity to keep supply chains moving.

Wells Fargo Announces Supply Chain Finance Group




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Joe Flynn

Joe is the Founder of Lavante, Inc. In 2001, Joe co-founded Lavante Inc. (formerly AuditSolutions LLC) with the vision of transforming the traditional manual-based AP audit recovery industry through the use of sophisticated on-demand technologies.

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