Skyscend India

Did you know that supply chain finance programs can help you earn cash quickly? But, before you decide to tread on this path, make sure you are aware of other financing options as well.  While a bit tricky, supply chain financing can allow small businesses to extend payment dates, keep their credit scores intact, and keep the suppliers’ cash flow smooth.  In this case, suppliers receive advanced payments on their pending invoices from a third-party funder. When the small business receives the payment, the money is then returned to the third-party funder.  Come Invoice Factoring: How Does It Impact Supply Chain Management?  Invoice factoring is a small business loan. It is often used to get money on outstanding invoices immediately. In this case, also, the third-party lender buys the accounts receivable. Although it sounds similar to supply chain financing, this lending is asset-based. Here in the company’s accounts receivable acts as collateral.  Invoice factoring is a great way to get

 A ll businesses, small and large, need to maintain their accounts payable process, and for that, they need to streamline invoice processing.   But, the catch here is that they need to do it while sticking to their budgets and scaling their needs. Truth be told, this whole idea looks far-fetched in the absence of good invoice processing software. Its absence will stall your progress and be detrimental to your bottom line.   Don’t worry. We have it all sorted for you; here is a list of tips you need to follow to improve your end-to-end accounts receivable process.   1. Lay Accounts Payable Process Before you can optimize anything, it is important to lay a roadmap. This will help you identify issues and inefficiencies in the process. The simple way to do this is to use sticky notes to map out processes. Remember, it needs to be accurate before being of high quality.   Most importantly, make sure your team is on the same page. This will ensure you don’t miss anything.       2. Say Good