HPD LendScape, a secured lending platform vendor, recently announced a new supply chain finance solution. The new solution will make it easier for lenders to onboard and support buyers and suppliers, giving North American businesses more streamlined access to working capital during the COVID-19 pandemic.
HPD LendScape’s SCF solution brings buyers, suppliers and banks onto one platform to help simplify operations and mitigate risk. Suppliers can interact with buyers and lenders in real time and increase visibility of accounts receivables, while buyers can create bespoke processes tailored to each supplier. The LendScape SCF solution includes new onboarding capabilities which enables a fast KYC process such as approval hierarchy, and linking out to external systems for anti-money laundering checks or document signing.
“We are delighted to announce this new supply chain finance offer. Banks and other lenders have an excellent opportunity through SCF services to help businesses in North America optimize supply chains, increase cash flow and streamline their operations - this has never been more critical than during the COVID-19 pandemic where supply chains are under intense pressure,” said Darryll Lewis, Global Sales Director at HPD LendScape. “Investment in technology and the automation of SCF processes is vital in helping lenders efficiently provide the finance that the region’s businesses need during this pandemic and beyond.”
About HPD LendScape
HPD LendScape is the world’s leading software vendor for secured lending, including supply chain finance, invoice discounting, factoring and asset based lending deployed by over 130 lenders across North America, EMEA and APAC. Clients include: JP Morgan, Investec, Nordea, Scottish Pacific, and Tradewind.
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