Whether you’re a middle market enterprise or a multinational corporation, NEMO enables you, as a buyer, to manage a supply chain financing programme with all your suppliers easily, quickly and securely.
You pay later.
Suppliers get paid earlier.
What is supply chain financing?
Supply Chain Financing or Reverse Factoring allows your suppliers to leverage on your stronger credit standing to get a funder to pay them earlier by offering up an early payment discount. In return, you extend your payment term or receive a share of the discount.
Transactional flow - Extending payment terms
• Extend payment terms (DPO) by 30-180 days
• Capture a share of early payment discounts
• No debt on balance sheet
• Secure key suppliers
• Minimize supply chain risk
• Workflow efficiency gains
• Real-time dashboard, reporting and analytics
Our platform is designed around 3 pillars recognised as key success factors in a supply chain financing programme:
Invoice processing automation
Timely approval of invoices is critical to capture early payment discounts. But often, manual processes delay the invoice approval cycle. That is why we partnered the global leader in document process automation, Esker, to provide an end-to-end experience. Enabling you to speed up processing time by up to 70% to maximise potential gains.
With a choice of funders, we ensure rates always remain competitive. What’s more, you and your suppliers enjoy less liquidity risk with alternative sources of funds on our platform. Having partners in various markets will also reduce the legalities and hassle of cross-border payments to your suppliers.
Supplier Onboarding Capability
The more suppliers onboard, the more working capital you can free up. Our experienced team will work closely with you to do outreach programmes and hold workshops to educate suppliers on the advantages of joining the programme. Best of all, our cloud-based platform they can register and submit documents anytime, anywhere.