“SCF is a strong and rapidly growing market providing an alternative source of funding for those facing difficulties obtaining traditional bank credit.”
Phillip Kerle, C.E.O. Demica
Supply Chain Finance
There is growing corporate demand for financially efficient supply chains, with companies and their suppliers under conflicting pressures to improve payment terms, reduce prices and improve cash flow efficiencies.
Supply Chain Finance (SCF) - a form of asset based lending and reverse factoring - aims to improve the financial efficiency of the supply chain, resulting in both suppliers and buyers enjoying a substantial increase in working capital through the programme.
Atlas’s SCF solution provides buying organisations with extended payment terms and their suppliers with instant payment. The web-based application aggregates order and invoice information in a single environment allowing buyers, suppliers and financial institutions to collaborate.
The solution manages order commitments, cash flow and credit facilities and provides visibility of orders committed, cash flow and payments due. Suppliers can request immediate payment and buyers extended credit. Built in functionality enables the banker to make decisions on payment to the supplier and the extension of credit to the buyer.
The end result is win, win, win for all parties!