There are few truisms left anymore especially in this era where trust is at a premium and everything appears to be a product of fake or fiat news.
But in terms of the risk, funding receivables based on seller’s data or funding receivables based on buyer’s data, there is truth and that truth is buyer data is more reliable.

Introduction

The connected commerce world is being driven by two primary players – corporations moving to the cloud for documents and data exchange around their source

As general awareness about dynamic discounting and supply chain finance grows among practitioners, procurement groups are increasingly pushing their technology providers to offer early payment capabilities.

Whichever way you look at it and define it, supply chain finance has grown into a big number. And if you define it as using the balance sheet of a large company to offer early payment to some or all of its suppliers, it is has gained in popularity.

As more companies adopt early pay programs, including self funded and third party supply chain finance ( SCF ) programs, concerns are growing that third-party arrangements could trigger accounting problems. Trade Finance Matters examines the background and where we are today.

Goal of the survey: Understand the current position and awareness of SCF, and implementation drivers & critical factors;

In the past, most procurement organizations would admit to doing a generally poor job of linking buying processes to the actual receipt of invoices, the invoice approval process and the subsequent payment to suppliers.

Rising supply risk, maturing procurement and accounts payable systems, and second-generation financing solutions are creating new opportunities for early payment programs.