SCF is a set of solutions designed to optimize working capital and provide early payment to suppliers. It involves financial transactions where buyers, suppliers, and financial institutions collaborate to improve cash flow and reduce risk across the supply chain.

The OpenSci platform by PrimeRevenue provides a cloud-based solution that streamlines SCF processes, offering visibility, flexibility, and control over transactions. It integrates seamlessly with existing ERP systems and supports multiple funding partners.

Absolutely. SCF can significantly improve your cash flow by providing early payment options for outstanding invoices, thus reducing the cash conversion cycle and enhancing liquidity.

Yes, the OpenSci platform employs advanced security measures, including encryption and secure data handling practices, to protect all transactional and personal data.

Suppliers benefit from SCF by gaining access to early payments, which improves their working capital. It also reduces dependency on traditional credit lines and enhances their financial stability.

To get started, you’ll need to register on the platform and complete the onboarding process, which includes verification and integration with your financial systems.

Typically, you’ll need to provide business and financial documents, such as company registration, tax information, and bank account details. The exact requirements may vary depending on your location and the specifics of the SCF program.

Once you’re enrolled and your invoices are approved, you can typically access funds within a few days, providing a swift boost to your working capital.

There may be fees for the early payment of invoices, which are usually a percentage of the invoice amount. These fees are often lower than traditional financing options.

SCF is generally viewed positively as it demonstrates proactive financial management. It should not negatively impact your relationship with buyers; in fact, it can strengthen it by ensuring timely payments.