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| REVERSE FACTORING |
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Reverse Factoring is a buyer centric program that extends the ability
to maximize working capital availabilty to suppliers and optimize
supply chain continum.
Reverse Factoring is a sub-set of the FinShare Payables Management and
Financing Solution. The buyer through its banking relationship commits
to payment of invoices for a supplier and requests the bank to offer
financing to the supplier. If the supplier accepts, the bank provides
financing based on the invoices approved for payment by the buyer. When
buyer payment is made, the bank closes the financing loan less
interest/fees and remits balance to supplier.
Reverse Factoring provides banks with revenue opportunities and
suppliers with earlier access to working capital that is locked in
receivables.
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