How Technology Further Advances Supply Chain Finance - Chennai

Tradewind Finance specializes in cross-border solutions for companies looking to make their mark in the global trade market. From finding the right suppliers to merchandising product, different kinds of financing can free up the working capital companies need to continue growing and expanding to meet the demands of a competitive world. As one of today’s top supply chain finance companies, Tradewind provides custom financial solutions for businesses operating in many different industries around the world.

Supply Chain Financing

Supply chain financing is one method of creating liquidity and generating working capital for a company. This method provides receivables financing and funding to suppliers based on the creditworthiness and overall financial strength of the buying party. It helps minimize financial risk among suppliers, manufacturers, and others.

The Benefits of Supply Chain Financing

Benefits of supply chain financing include:

Simplification of paperwork, even when dealing with multiple suppliers
Providing funding to foreign suppliers based on the buyer’s creditworthiness
Suppliers receive early payments at lower costs
Suppliers receive additional cash flow, which increases their volume of production and ensures a consistent supply of goods
Extended payment terms can be negotiated with suppliers

Companies that may be working with suppliers who are in a different country can face unique challenges regarding currency conversions and customs processes. Working with a trade finance firm allows a company to simplify things and focus on running their business by having the finance company as their point of contact to deal with these issues.

Technology and Supply Chain Financing

New technology is providing better ways of organizing finances and minimizing the financial risk taken on by different entities involved in these supply chain financing agreements. An increasing number of trade finance companies are utilizing the expertise of financial technology companies to track changes in the market and organize the complicated logistics surrounding international supply agreements.

Tradewind Finance

Tradewind Finance is a leading international trade finance company working around the world with clients in a variety of industries. They specialize in creating working capital through supply chain financing and export factoring for companies small and large. Tradewind Finance is a leading expert in global trade solutions.
To know more: https://www.tradewindfinance.com/news-resources/how-technology-further-advances-supply-chain-finance