With Reverse Factoring, you can advance liquidity to your suppliers. True Contracts helps you to manage a Reverse Factoring Program, a payables finance solution. Reverse Factoring, also known as Supply Chain Finance, is a form of finance in which you pay your suppliers through a financial partner prior to the negotiated payment term.
By validating their invoices, you help your supplier to obtain financing for their receivables early and on more favorable terms. If the goods have been responsibly produced and certified, your supplier will receive even more favorable financing terms from their partners (Sustainable Supply Chain Finance). By engaging a financing partner to settle the supplier's overdue receivables in advance, you provide them flexibility.
At True Contracts, we provide Multi-Bank financing options for your supplier invoices:
In our Multi-Bank approach, banks acquire buyer-confirmed receivables directly from suppliers. The banks offer competitive financing terms and might be mandated solely for specific regions, currencies, or supplier groups. The banks control criteria and restrictions as well as daily financing transactions directly on our platform.
