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E-invoicing, SCF & E-procurement

Newbridge provides USD 30 mln in payable financing

Wednesday 19 June 2019 | 12:44 PM CET

US-based specialty finance company Newbridge has provided USD 30 mln in supply chain financing to clients in North and Latin America, Europe and Asia.

Clients included a Florida-based distributor of luxury consumer products, a Latin American snack food manufacturer and a New York-based pharmaceutical distribution company, among others.

Newbridge’s differentiated supply chain finance product allows buyers to benefit from extended payment terms up to 120 days while suppliers benefit from the accelerated collection of receivables. Newbridge purchases 100 per cent of clients’ inventory cost, including raw materials, finished goods and packaging supplies.

According to Newbridge officials, buyers and sellers continue to face trade credit challenges with trillions of dollars trapped in outstanding invoices on a given day. The company has stated that it is striving to help SMEs and large enterprises release corporate cash for reinvestment, as supply chain finance enables businesses to improve cash flow and supplier relationships while managing the complexity and risk of global trade.

More: Link
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