Risk mitigation is the key phrase used when discussing supplier financing for international and domestic commercial transactions. This is often achieved by financing suppliers from an approved buyer invoice. While there is no question that risk mitigation is crucial for ongoing successful collaboration for OEMs and their suppliers in the automotive industry, it is not the only important factor.
As standards and best practices evolve, so too does the need for new methods that dig deeper into the supply chain finance aspect and create the most successful and timely payments to support collaboration between buyers and suppliers. So what is the solution? New B2B e-commerce networks are already in place to manage supplier data and document integration, and could already be the answer we’ve been looking for.
Learn more about how these networks can enable supplier financing: On-Demand, Event Triggered Finance With Network Models – A Game Changer? is now available for FREE download. Fill out the form below to get your copy: