Process
The vendor finance then provides finance to the SME from the point a contract or purchase order is issued by the corporate, to the final step of invoicing.
Absa's head of Market Development for Small Business, Sisa Ntshona, says, "Essentially, this means that SME suppliers can take advantage of growth opportunities and expand their service to the corporates. We recognise the need for cash flow solutions for SMEs and our offering addresses this. It also provides an opportunity for SMEs to become better and more robust suppliers."
Benefits