E-invoicing beneficial to supply chain finance

Electronic invoicing enables effective supply chain financing, says Fundtech.

Banks and corporations are increasingly interested in tapping opportunities linked to supply chain transactions as credit availability continues to remain tight after the financial crisis of 2008, according to a report by global transaction banking solutions provider, Fundtech. The US-headquartered firm says that electronic invoice presentment and payment systems can magnify benefits associated with supply chain finance by automating a process that has traditionally been heavily reliant on paper-based and manual practices.

While banks have always been involved in providing letters of credit LC, acting as third parties throughout trade transactions between buyers and suppliers, open account trade is becoming increasingly popular. The demise of LCs has opened...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222