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The Smart Supply Chain Finance Platform
Boubyan Bank introduced for the first time in Kuwait, the Smart Supply Chain Finance platform which aims to unleash cash trapped in the trade cycle and enhance companies’ working capital and financial ratios.
Smart SCF platform will benefit both the commercial buyers and their suppliers. Buyers can now take advantage by improving payment terms, while suppliers benefit from the early payment of their receivables.
Supply Chain Finance Benefits
Unlocking working capital improves cash conversion cycle by extending the trading payment terms through Boubyan bank and provide needed liquidity to suppliers earlier than the contractual payment terms at a competitive rate
Agreement with Boubyan Bank
- Implementing Smart SCF platform will not affect the commercial arrangement between the Buyers and Suppliers and will remain unchanged.
- Smart SCF platform will provide an opportunity to customers to better manage their balance sheet for enhanced financial reporting.
- By joining Smart SCF platform you can benefit from the services provided to perform these transactions digitally: i.e. create invoices, request financing, settlement and reconciliation of invoices.