What is Supply Chain Finance?
Supply Chain Finance has been in the news recently. Prime Minister David Cameron is backing supply chain finance as a “new” form of finance for small- and medium-sized businesses. He claims that, “…this scheme will not only help them [small businesses] secure finance and support cash flow, but will help secure supply chains for some of our biggest companies and protect thousands of jobs.” If you are a small business who supplies a large, probably well known company, you will know better than most that just because they are reputable does not mean they are on time with paying their invoices. In fact, it can often make them worse as they know they have the power to do what they want and pay invoices later and later. This is where supply chain finance is meant to fill the gap. Before we... »
