Most suppliers hope to be paid quickly and may depend on fast cash to stay afloat. Many of their customers, however, would rather delay payment, which is evident from recent criticism against companies such as Heinz and AB InBev for their unrealistic payment terms. Today, savvy enterprises are working with their supply chains to create mutually beneficial, sustainable relationships by matching the right early payment solution with different suppliers’ needs. Tradeshift has the most adaptable platform in the industry to help improve cash flow for companies with solutions including Dynamic Discounting and Supply Chain Financing. These solutions provide suppliers with the cash they need to succeed while getting risk-free returns to help the bottom-line. Dynamic discounting facilitates suppliers getting paid earlier by offering a discount to buyers as an incentive to pay early. Buyers can also leverage third party funding to get their suppliers access to capital at the lowest rates with Tradeshift’s Supply Chain Financing solution (supported by its platform partner C2FO). Finally, suppliers can seek their own supply chain finance through third-party apps on the platform, such as Citibank.
Name CEO: Christian Lanng
Founded in: 2010
Company Twitter: @tradeshift
Category: Alternative Finance
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