Trade Financing

This is your access point to our coverage of Trade Financing. Here we provide practitioners with a unique analytic perspective, as well as the technology and innovation in its adoption. Launched in January of 2014 to discuss the issues around trade credit and trade finance management, Trade Financing Matters offered coverage on a variety of topics that impact how companies finance their procurement and sales, from technology to regulation to zero based investing environments.

 

Is There a Tech Solution for Supplier Portal Proliferation?

David Gustin is the chief strategy officer for The Interface Financial Group responsible for digital supply chain finance and is a contributing author to Trade Financing Matters.

When we look at source-to-pay solutions, we tend to look at it from one side, that is, how this is going to improve the accounts payable department, reduce cost, be more efficient and improve supplier collaboration.

But then I hear quotes like this ...

“Our customers [suppliers] hate their client’s [having multiple] e-invoicing providers. They get the calls from Coke or Kraft, who say, “Hey, you can now send invoices to us through our portal (in fact, that’s the new policy if you want to get paid)." But if you [suppliers] have 20,000 customers, you are busy with debt collection, especially now. And now you have to go from your billing file and pull the 200 invoices manually that need to go to an array of e-invoice providers and get them into a portal because your customer requires it.”

Increasingly, small businesses are getting overwhelmed with too many portals to log into for invoicing.