OpusCapita’s new solution for supply chain financing makes it possible for the suppliers to get paid in a matter of days instead of waiting for dozens of days for the original payment date on the invoice to come.
When financing is based on approved invoices, it is very important to have an efficient invoice management process. Suppliers that want to join a financing program must be using electronic invoicing, and buyers must assess how quickly they can approve invoices.
“How can we make our invoice approval process smooth and efficient? What is the best way to link invoices to the procurement process? These are some of the main questions asked and we have the expertise to answer them all. Supply chain financing is an excellent addition to OpusCapita’s services,“ says Miikka Savolainen, Director, OpusCapita.
He says that many Nordic companies found earlier solutions for supply chain financing difficult to implement. Now, OpusCapita offers ready processes, agreement models and technology.
“A company just needs to make the decision to implement a financing service for its suppliers and we can take it from there, offering everything as a service: for example, we can contact suppliers, integrate the suitable suppliers into the program and automate data flows onto a technology platform. The entire process has been standardized and is quick and easy to implement. What’s more, the solution’s cost structure means that even smaller suppliers can now benefit.
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