IFG’s Digital Supply Chain Finance is an extension of Dynamic Discounting — early payment for Suppliers, funded by Buyers. IFG’s DSCF works only when a Buyer’s Dynamic Discounting is unavailable, paused, or not offered. IFG never competes with Buyer programs.
Goal of the survey: Understand the current position and awareness of SCF, and implementation drivers & critical factors;
In the past, most procurement organizations would admit to doing a generally poor job of linking buying processes to the actual receipt of invoices, the invoice approval process and the subsequent payment to suppliers.
Rising supply risk, maturing procurement and accounts payable systems, and second-generation financing solutions are creating new opportunities for early payment programs.