White Paper: Integrating Trade Finance and Accounts Payable Automation
Although the core concepts around supply chain finance are not new, manual processes for both trading partners and banks have historically limited the adoption and growth of supply chain finance products as a working capital solution. These process inefficiencies, as well as associated risks with lack of lender visibility and control, drove up financing costs for suppliers historically.
However, the adoption of accounts payable automation solutions in recent years has changed the game. Driven by buying organizations to reduce their operating expenses, these technologies have enabled adoption of supply chain finance and resulted in the emergence of new trade finance solutions that benefit both buyers and suppliers.
This white paper discusses the basic concepts and benefits surrounding trade finance, as well as how organizations can leverage accounts payable automation and payment technology to achieve their cash flow and funding goals. Topics include:
- What is Trade Finance
- Core Elements of a Trade Finance Program
- Understanding What Solutions are Available
- Leveraging Accounts Payable Automation as Foundation
- Integrating Trade Finance in Practice
Download the white paper from our research library to learn more.