SCF is a financial arrangement that optimizes cash flow along the supply chain by providing early payment to suppliers. It works by leveraging the buyer's stronger credit rating to obtain financing at lower rates, which is then extended to suppliers for early invoice settlement.

SCF accelerates cash flow by enabling suppliers to receive payment sooner, thus enhancing working capital management by reducing the cash conversion cycle.

SCF options available with Bizongo include purchase invoice discounting, sales invoice discounting, vendor financing & distributor financing.

Buyers benefit from optimized working capital and improved supplier relationships, while suppliers gain access to cheaper financing and faster payment.

Eligibility depends on the creditworthiness of the buyer, supplier, and the underlying transaction.

Documentation includes invoices, purchase orders, supplier agreements, and financial statements.

Financing rates are often based on the creditworthiness of the buyer and supplier, as well as prevailing market rates. Rates can be competitive compared to traditional financing options.

Bizongo caters to various industries and sectors, including manufacturing, retail, and services.

Yes, there are fees associated with SCF, including processing fees and platform usage fees.

Risks include credit risk, operational risk, and fraud. Bizongo mitigates these risks through rigorous due diligence, credit assessments, and monitoring mechanisms.

Yes, the SCF facility can be tailored to accommodate transactions with both large corporations and smaller suppliers.

Bizongo’s “Next” platform provides real-time visibility into transactions, payments, and financing activities, allowing for effective monitoring and management of the SCF program.