Key takeaways
- With a massive global supply chain, Lenovo strives to maintain logistical efficiency and develop sustainable long-term vendor relationships
- The tailored working capital solution from J.P. Morgan Payments prioritized process efficiency by simplifying documentation and deploying electronic presentment channels, along with a proprietary electronic banking system
- Lenovo now relies on an automated, agile and scalable solution to adapt to evolving consumer preferences
About
Lenovo, a US$57 billion1 revenue global technology powerhouse, is focused with a bold vision to deliver Smarter Technology for All. As one of the world’s largest PC companies, Lenovo offers a fullstack portfolio of AI-enabled, AI-ready, and AI-optimized devices, infrastructure, software, solutions, and services1 . Its extensive global supply chain, spanning 180 markets1 and partnering with over 2,000 vendors worldwide2 , highlights Lenovo’s vast scale and dedication to excellence.
The challenge
In response to an increasing trend of flexible working arrangements, Lenovo noted that the demand for personal computers grew as a result of this shift. The treasury team at Lenovo sought a simple and efficient solution that could optimize their liquidity while maintaining high logistical efficiency in their key procurement cycles. Furthermore, Lenovo needed a global bank with local expertise that could help them sustain long-term vendor relationships across the world.
The solution
The tailored working capital solution, provided by J.P. Morgan Payments, empowered Lenovo to meet evolving consumer preferences and changing working capital requirements. It allowed Lenovo to provide timely and programmatic payments to suppliers, sustaining key procurement flows.
This automated solution prioritizes process innovation by:
- Enhancing efficiency through simplification of transactional trade documents
- Accelerating the end-to-end document presentation cycle
- Reducing trade documentation materially through the deployment of electronic presentation channels
Furthermore, the electronic banking platform from J.P. Morgan offered Lenovo the option to eliminate manual effort by digitalizing applications, automating reports and reconciling data, thereby streamlining daily workflows.
A dedicated J.P. Morgan team worked locally to provide timely support for Lenovo’s treasury team in Singapore and globally. This was crucial in guiding their suppliers throughout the implementation process, minimizing any disruption.
“The solution from J.P. Morgan Payments empowered us to innovate not just in our products, but also in our daily processes. Our counterparties have also given positive feedback on the program, which is testament to its ease of use and delivery quality.”
Koh Ser Mein
Executive Director, Treasury, Lenovo
The results
The solution has enabled Lenovo to innovate beyond their products. The company noted improvements in their daily processes, and were able to reduce paper volumes, accelerate applications, and streamline operational workflows with their suppliers throughout the entire trade cycle.
With this foundational program in place, Lenovo could easily scale and expand into growth areas to build a more inclusive, trustworthy and smarter future for everyone, everywhere.
“At J.P. Morgan Payments, we understand the significance and intricacies of global supply chains. Our tailored solutions reflect our expertise and simplified approach to optimizing working capital.”
Charley Zhang
APAC Head of Trade & Working Capital, J.P. Morgan Payments
Discover how to optimize your supply chain with our Working Capital Solutions.
References
Lenovo. “Lenovo Delivers Robust, Sustainable, and Accelerated Growth –
Focus on Hybrid AI Driving Market Differentiation and Industry Leadership”. Accessed Jan 14, 2025
Lenovo. “Supply Chain Solutions Made Smarter by One of the World’s Top Supply Chains”. Accessed Jan 14, 2025
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