Several businesses in the United States are trading businesses that procure finished or semi-finished goods before processing them further and selling them to their customers. Businesses like these procure their goods from manufacturers or suppliers in other foreign countries or from other domestic business /n /n In order to fulfill these orders, businesses need to procure these goods beforehand and make payments to their suppliers before getting paid themselves. On a much larger scale, this arragement across the supply chain can get quite difficult to manage and businesses often face working capitla gaps which results in business losses and poor management. Drip Capital's SCF program helps businesses to push out supplier payments by temporarily arranging payments to parties in the supply chain by leveraging our platform. This works based on a dynamic discounting model wherein the supplier financing is provided only if the companies choose to receive early payment.
Over the last half a decade, we've perfected our supply chain finance facilities through continous tweaking and through tailor-made solutions. some of the features of or SCF program can be found below. 1. Currency Denominations: We can make payments to your suppliers in a currency of your choice thus hedging any currency risk that arises from the transaction 2. 48 Hour Disbursements: We understand the sensitivities of business transactions which is precisely why our technology-enabled platform allows for quick document processing and disbursements. 3.Credit Limits: Our credit facilities are over and above the existing banking limits and are among the highest in the industry
A company oferring supplier finance solutions ensures that neither the buyers nor the sellers in a supply chain face any difficulties with respect to arranging for finance, as such an impediment would lead to a collapse of the entire value chain
A supply chain finance program is also "buyer led", meaning the buyer of the goods is the one that arranges for financing for the suppliers on his behalf. This ensures that the risk, credit access and avalablity of cash and cost of credit is well-optimized throughout the supply chain.
Drip Capital has been facilitating global trade since for 7+ years, with a growing network of suppliers, manufacturers, middlemen and trade finance partners, we understand how the needs of global businesses and our expert trade finance specialists will custom-make the perfect solution for you.
$5 Billion+
Trade Financed
6,000
Buyers & Suppliers
100+
Countries
100,000
Cross-Border Transactions