The supply chain is one area through which companies can improve their sustainability performance. The Traxpay supply chain platform offers integration of ESG factors.
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Source: Der Treasurer
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The AITE-Novarica report "Innovation in Supply Chain Finance" analyzes why fintech providers should revise their supply chain finance (SCF) platforms and make them more bank-friendly to better serve both corporate professionals and financial institutions.
When a supplier hears from a buyer or bank that they should participate in an SCF program, the first question that comes to mind is: What are the benefits to me?
Many companies are struggling with liquidity shortages due to the coronavirus pandemic. However, classic measures such as extending payment terms can spell doom for smaller suppliers. This serves no one's interests. For many companies, Supply Chain Finance can provide a remedy.