Why is supply chain finance important?
SCF is crucial for optimizing working capital and maintaining strong buyer-supplier relationships, utilizing a third-party factor to facilitate early payments.
What's the difference between supply chain finance and factoring?
SCF, also known as reverse factoring, differs from factoring as it is initiated by the buyer, leveraging the buyer's credit rating.
How do I choose a provider for supply chain finance?
Consider factors such as the provider's size, flexibility, compatibility with existing systems, and the extent of their supplier network when selecting an SCF provider.