Supplier Finance

Partnership between the Buyer and the Factor aimed at developing an efficient system of purchasing goods from suppliers on credit terms.

Key features:

NFC will finance your suppliers with regard to the shipments to your company on payment terms up to 120 days;
NFC primarily assesses your company but not your suppliers. This allows the suppliers to work under simple factoring agreements with NFC and receive financing at special rates and consequently provide you with commercial credit at reasonable value;
The factoring document exchange with NFC is carried out in electronic form, that eliminates delays and increases the effectiveness of operations;
You settle all invoices to one account with NFC, and not to numerous accounts of your suppliers in different banks. NFC also undertakes to monitor the due dates. All this reduces the cost of managing your accounts payable.

How does it work?

Your Supplier electronically forwards to NFC a batch of invoices;
Using “Electronic Factoring” you approve the invoices;
Suppliers send to NFC electronic requests for financing of the invoices to your company and receive 100% of the confirmed invoice amount from NFC on the same day;
Suppliers pay to NFC the factoring commission;
On the due date you settle invoices to the account of NFC - on extended credit terms.

Advantages for the Buyer

Suppliers are provided with financial resources sufficient to offer you credit terms for required amount and extended period;
All payments to one counterparty only - NFC, which undertakes to monitor due dates and conduct settlements with your suppliers;
Financial resources are provided to your suppliers at special rates. You don’t overpay for commercial credit;
You can concentrate on the core activity, facilitating the co-operation with your suppliers regarding the settlements of their invoices.