In an Accounts Payable program the Buyer as well as the Funder/Credit Insurer play the main roles in the supply chain finance world. Thus, a typical Accounts Payable program would process as follows: the Buyer uploads approved invoice data received from the different Suppliers into GSCF’s platform. Then, the Suppliers have the option to discount those invoices. A program dedicated Funder remits the payments to Suppliers at a predefined time, and so does the Buyer. All parties can at any time log into the web-based portal and monitor the payments that have been remitted, as well as keep track, on a real-time basis, of supplier’s balance, fees, reports/notifications and statistics. GSCF’s platform is able to process heavy invoice data loads and is optimal for managing different levels of credit risks/limits.
Benefits of an Accounts Payable Program
To Vendors
- Outsourcing of accounts payable
- Extension of days payables outstanding
- Increased Liquidity
- Suppliers’ credit limits utilization transparency
- Reduction of third party debt
- Lower cost of funding
To Buyers
- Reduction of days receivables outstanding
- Increased liquidity
- Lower cost of financing
- Online discounting decision possibility
To Funders and Credit insurers
- Access to real time data flows between the Buyer and their Suppliers
- Reduced credit risk and processing costs
- Increased financing opportunities
- Credit Limit management per Supplier
- Program specific automated notifications
- Reduction of credit risk