Veefin's Deep Tier Supplier Finance Solution optimizes value chain penetration for financiers, enabling seamless, non-blockchain financing for SMEs across all supplier tiers.
Vendor
Veefin CRM
Company Website
Veefin's Deep Tier Supplier Finance Solution is a cutting-edge, non-blockchain platform designed to revolutionize value chain expansion and optimize penetration for financiers. It enables financial institutions to significantly grow their Supply Chain Finance (SCF) books, potentially by up to three times, without the need to onboard new corporate anchors. The solution achieves this by providing enhanced risk profiling capabilities for Small and Medium-sized Enterprises (SMEs), allowing financiers to explore fresh avenues and serve a broader spectrum of businesses, thereby unlocking novel revenue streams. By delving into the depths of the supply chain, the platform effectively bridges critical financing gaps for SMEs, fostering their growth and resilience. Furthermore, it inherently supports broader ESG (Environmental, Social, and Governance) and sustainability objectives by ensuring financial inclusion and stability across the entire value chain.
Features & Benefits
- Seamless Connectivity
- Links Financiers, Anchors, and all tiers of suppliers, enabling smooth collaboration across the supply chain.
- Flexible Anchor Programs
- Allows configuration of various anchor initiatives (Anchor to Tier 1, Tier 1 to Tier 2) with ease.
- Customizable Fee Structures
- Utilizes diverse fee setups across tiers, accommodating varied business needs.
- Efficient Collection Accounts
- Establishes multiple collection accounts for seamless buyer-seller transactions.
- LMS Repayment Assurance
- Facilitates repayments across tiers with Veefin's Loan Management System.
- Effortless Onboarding
- Digitally onboards Tier 2 and beyond, alongside Tier 1 suppliers, simplifying the inclusion process.
- Tiered Interest Rates
- Tailors interest rates for different supplier tiers, optimizing financial arrangements.
- Invoice Due Date Flexibility
- Grants Anchors the power to modify invoice due dates, enhancing flexibility.
- Allocation Empowerment
- Empowers buyers to allocate eligibility to their suppliers, streamlining invoicing.