What is a supply chain financing platform?
Supply chain financing platform is a system that provides stable flow of working capital throughresolving receivables and payables between the supplier and the buyer created in the supply process through financing by a lenders. Who can join “Cashme” Supply chain financing platform:
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Suppliers
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Buyers
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Banks and other financial institutions Suppliers that need to get paid earlier than set forth in the contract period can apply online for financing.
Stakeholder
Stakeholder
Supplier
If you have faced a need for payment earlier than you have agreed with the buyer, please join “Cashme” supply chain financing platform. Advantages of using “Cashme”:
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Can get a prompt payment;
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Can solve the demand for working capital with low cost;
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Buyers can get less pressure to pay off their balances;
Buyer
If you need to pay for the purchased goods or services in time; if suppliers wants to receive the payment before the contract period, please join “Cashme” supply chain financing platform. Advantages of using “Cashme”:
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Pay off the balances to suppliers on time;
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Buyers optimizes working capital flow;
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Improves supplier capacity;
Lender
In order to finance short term current assets some bank and financial institutions receive collateral loans or receive products with high operating costs. Through “cashme” you would be able to improve working capital flow of both buyers and suppliers by purchasing the receivables from suppliers.
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Pay off the balances to suppliers on time;
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Buyer optimize working capital flow;
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Improves supplier capacity;
PRODUCTS
Factoring
It is a financing solution where the financing organization takes over the receivables of goods, products, and services from the supplier and transfers the payment to the supplier. Receivables financing consists of the following steps:
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Request from Supplier for financing (offer to banks to purchase their receivables from Buyer);
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Banks and financial institutions will transfer the payment (less the factoring fee) to the Supplier;
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Buyer will pay the full payment amount to banks and financial institutions when the receivables are due according to the contract.
Reverse factoring
It is a financing solution that buyer requests a third party financial institution to pay the supplier according to the payable schedule. The supplier will receives the payment directly from the financial institution earlier than its invoice term. Reverse factoring:
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Supplier makes a request;
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Buyer must agree (confirm);
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Bank and other financial institutions transfer the (discounted) payment to the Supplier;
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Buyer will pay the full payment amount to banks and financial institutions when the receivables are due according to the contract.
