Supplier Finance
For businesses with established trading relationships, Supplier Finance programmes can mitigate the effects of payment term extension. Our Supplier Finance service is an online supply chain proposition that enables both parties to manage their liquidity and maintain margins.
Buyers can better manage payment terms while suppliers accepted into a programme benefit from an accelerated payment option.
How it supports your business
- As a buyer, Supplier Finance can support your working capital requirements. You can provide tangible support to your suppliers through access to your programme
- Offers an accelerated payment option for suppliers to inject cash when required
- Enhances visibility and control of payments and collections. Supplier enquiries may be reduced, lowering administration costs
- Reduces supply chain risk. Even with extended payment terms, suppliers have access to cashflow to fund business activity
- Enables payment visibility using platform reporting options
- Supports process efficiency
Supplier Finance is currently available to qualifying corporate clients based in the UK and Ireland.
Supplier finance is subject to terms, conditions and credit approval.
Benefiting both parties in a commercial transaction
| Buyers | Supplier |
|---|---|
| Helps mitigate the impact of the standardisation/extension of payment terms Strengthens your supply chain |
Enables you to settle receivables early to reduce Days Sales Outstanding (DSO) |
| Enables you to improve supplier relationships by offering a finance option | Offers you more predictable cashflow and supports greater control and visibility over payments |
| Delivers an efficient, secure online Payment and Reporting system | Offers you non-recourse cash at a competitive finance cost |
How our supplier chain finance works
- Invoice submitted to the Buyer in the normal way for approval once a commercial transaction is concluded
- Buyer approves the supplier’s invoice for payment and electronically transmits the payment instruction to our Supplier Finance platform
- The Supplier is notified and can view the future dated receivable on the Supplier Finance platform
- The Supplier has the option to request an early discounted cash payment from Barclays or wait for payment on the due date
- Upon Barclays acceptance of the request for discount, the net amount will be settled to the Supplier’s designated bank account within 48 hours
- On invoice payment due date, the Supplier Finance platform retrieves the full amount of the invoice from the Buyer in settlement of any discount or (if discount has not taken place) effects payment to the Supplier
Important information
The products referred to in this webpage are subject to separate terms and conditions.
Talk to us
Find out more about our Supplier Finance service by talking to your Relationship Director.
New to Barclays? Our experienced UK-based team can listen to your business need, offer assistance on-the-spot or put you in touch with the right specialist at Barclays. Call us on
0800 015 4242*
Alternatively we can call you back or you can email us with your query.
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How can we help?
If you are new to Corporate Banking at Barclays, call us on: 0800 015 4242*
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