OpenSCi SCiSupplier™ delivers financing and early payment to the Buyer’s suppliers. Based upon PrimeRevenue’s years of managing the world’s largest and most successful Buyer-based SCF programs, SCiSupplier can handle multiple forms of early payment, at different rates and terms, assigned to supplier segments or even individual suppliers. Multiple forms of trades include the following:
- SCiSCF - Early Supplier payment with the rate based upon the Buyer’s credit rating
- SCiDiscount - Early Supplier payment based upon a discounted payment from the Buyer
- SCiDrafts – Early Supplier payment as a bank draft instrument
The plan that is implemented in SCiSupplier is based upon the Buyer’s supply chain objectives and supplier relationships. Unlike Bank SCF systems, when paired with SCiFI™, SCiSupplier supports a mix of multiple funders for your program and can typically change this mix as needed, without interrupting daily transactions or disturbing your SCF plan.