![]() ![]() Therefore, the processing/discount fee is favorable for non-rated and sub-investment grade suppliers compared to the interest rate a supplier would pay for factoring, a loan, or other traditional financing methods. Since funds from the financial organization are advanced based on the buyer’s promise to pay on the original maturity date, financing rates are based only on the buyer’s risk – not the supplier’s. Typically, the supplier is paid on the following business day. For invoices traded before maturity, 100% of the invoice, minus a small financing fee, is transferred electronically to the supplier’s bank account.Or, the supplier takes advantage of reverse factoring and sells receivables seamlessly to a funder through SCiSupplier in return for early payment. If the supplier does nothing, funds will reconcile on the standard maturity date. The supplier accesses SCiSupplier online anytime to see all approved invoices.The buyer approves the invoices and an ERP integration uploads the data (this includes payables and applicable payment offsets) to SCiSupplier.The supplier sends invoices to the buyer. ![]() Reverse factoring offers an inexpensive, off-balance sheet way to maintain operations and fuel growth. Instead, receive early payment for invoices to continue operations. Stop waiting on large customers to pay overdue invoices. All approved invoices are uploaded and available for early payment on PrimeRevenue’s technology-enabled reverse factoring platform, SCiSupplier. The interest rate charged by a funder is based on the credit of the buyer – not the supplier. Non-rated and sub-investment grade suppliers gain access to cheaper capital.Add a strategic, non-debt resource to your liquidity pool for funding strategic initiatives.Enable suppliers to sell approved invoices for early payment in return for a small financing fee, improving their cash flow and minimizing supply chain risk.Auto-upload all approved invoices to PrimeRevenue’s technology-enabled reverse factoring platform, SCiSupplier, providing immediate payment transparency to suppliers.Optimize payment terms with suppliers to improve working capital without damaging supplier relationships. ![]()
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