Unlock Working Capital With Supply Chain Finance
Every day, companies rely on working capital to fund their physical supply chain, support growth, pay for strategic initiatives and provide a financial cushion. Buyers and Suppliers can be faced with conflicting objectives; Buyers want to maximize payment terms while Suppliers want to receive payment as early as possible. Traditional financing methods can be frustrating at times.
Vectra Bank offers a solution to this problem; Supply Chain Finance (SCF). SCF allows the Buyer to extend its payment terms to a Supplier, freeing up working capital. The Supplier is then paid early by presenting these invoices to the bank for discount. Suppliers have the ability to discount some or all invoices, providing maximum flexibility. SCF can be a win-win solution for both parties, providing working capital, liquidity, and stability in the financial supply chain.
The Benefits of a Supply Chain Finance Program with Vectra Bank:
- Frees up working capital to fund daily operations, support growth or strategic initiatives
- Helps provide stability to the financial supply chain through a dependable funding source
- Buyers enjoy extended payment terms while Suppliers receive their invoiced payments before their due dates
- Suppliers have the flexibility to present some or all its invoices for payment
- Cloud-based technology allows for digital presentation of documents and online information management
- Customer support and training during implementation and throughout the relationship
- Scalable, with the ability to start with one trade [or trading] partner and grow over time
How the Process Works:
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For questions or to learn more about Vectra Bank’s Supply Chain Financing, please contact Mark Garfield or complete the form below.
Mark Garfield
Senior Vice President, Regional Manager, International Banking
801–844–7688
Mark.Garfield@zionsbancorp.com
OTHER INTERNATIONAL BANKING & FOREIGN EXCHANGE SOLUTIONS
Vectra Bank has a department dedicated to providing foreign currency and trade finance options for business clients.