Rising demand for supply chain finance has driven the financial services sector to come up with new and innovative ways to meet this need. Solutions that benefit both the supplier and the buyer are highly sought after. For this reason, businesses are looking to Tungsten Network.
At Tungsten Network, our commitment to automating the accounts payable (AP) process has earned us a reputation in the industry. This exchange of critical data is beneficial to both buyers and suppliers and opens the door for even more benefits — namely, supply chain finance. The Tungsten Network financing solution provides working capital that improves the trading environment and solidifies good supplier relations. The working capital is granted on open e-invoices — less a small discount charge — and accessed via:
- Buyer, Tungsten, or 3rd party funding
- Dynamic discounting
- A combination of the above
With Tungsten Network’, suppliers are better able to manage cash flow and buyers enjoy a renewed commitment by their suppliers to AP automation. Learn more about the benefits of a Tungsten Network’s approach to supply chain finance by downloading 2016 State of Supply Chain Industry.