Offer Supply Chain Finance with Orbian
Early Payment allows suppliers to select which approved invoices they would like to have paid early, less a small discount charge
A growing demand to manage working capital is changing the landscape of financial services. Businesses are looking beyond traditional banks for financing options such as supply chain finance which is now an option for Buyers on the Tungsten network to provide to their suppliers at no cost to the buyer.
How does Supply Chain Finance Work?
Tungsten Network Early Payment allows suppliers to select which approved invoices they would like to have paid early and receive the invoice amount, less a small discount charge. Suppliers register for the service using a two-step online process and then select which approved invoices they would like paid early. They then receive the invoice amount early, less a discount charge.
How much does it cost to get paid early?
The discount charge is dynamic, based on when suppliers choose to sell their approved invoices. Suppliers do not pay any fees to register for invoice financing or to maintain the service. All early payment discounts are executed via the network.
Benefits for Suppliers
- Get paid faster to manage cash flow
- Provides easier access to cash than other financing methods
- Flexible, with no stipulation on how often it must be used
- Simple Enrolment
Benefits to Buyers
- Protect your supply chain with finance at no cost to the business
- Simple implementation process