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Supply chain financing helps firms help their credit-worthy suppliers finance receivables more easily at a more attractive interest rate. Historically funded and managed by a bank, supply chain finance now also employs a battery of technologies/platforms and financial business practices that enable discounting of accounts receivable and financing of confirmed accounts payable.
How effective will a supply chain finance initiative be in your firm's efforts to free up working capital? Your success will depend on elements including the difference between your firm's credit rating and those of your onboarding suppliers, your current and target payment terms, the scope of your onboarding suppliers and the related value stream and the lead time of your approval process.
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