SUPPLIERS
We offer the following benefits to our suppliers:
1. Cheaper Financing Option
As the financing credits are passed down from the core enterprises, the financiers would access the credit risk based on the profile of the core enterprises rather than the (often smaller and less credible) suppliers. With the perceive lower credit risk from the core enterprises, the interest rate charges through the multi-tier supply chain financing loan would have been lower than if the suppliers were to apply factoring/financing to the banks on their own.
2. High Approval and Faster Processing Time
As the whole community of supply chain network including financiers, enterprises and (multi-tier) suppliers have been admitted as members/partners in the BaselTech Supply Chain Financing Platform, all financing applications will be processed electronically via our Platform with a matter of few clicks. Financing can be processed in real time with high approval rate of over 98%.
3. Ease of Administration
All information relating to company profile as well as the invoices between enterprises and suppliers will be captured in the Platform, enabling ease of KYC checks and faster processing time by financiers to process all financing applications, even down to the lowest tier of suppliers. In addition, all financing data will be captured and stored in our Platform enabling easy pulling of financial data for tracking and analysis purpose post-financing.
If you are a Supplier, we can help you to:
- Gain access to reputable banks, insurance companies and financial institutions in our network
- Obtain preferential financing/credit facility options with our financing program
- Extend credit support to your own suppliers network
- Process financing applications with ease via our BASELTECH platform
Contact us to find out how you can benefit from our supply chain solutions to meet your business needs.