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Supply Chain Finance

News , Training
19 October 2021
Supply Chain Finance

Previously we explained the essential softwares to catch up with the digital transformation. Now we are going to delve into them to analyze their potential and integrations from our point of view, since Inversa has a lot to contribute. You can refresh your memory with the article in this link and so you will not get lost between the concepts and their abbreviations. You will also find a glossary at the end of this article.

Inversa has also invested in digital transformation this last year: we updated our ERP provider, investing in IT is already a world apart. To do this, we have changed the software for another that offers us more functionalities that we needed. In our case, it helps us a lot in accounting, billing and CRM. As our needs vary, so will the ERP. For this reason, an ERP is the right hand of any company, from an SME, start-up, multinational ... The size is indifferent, there are already solutions adapted to each need that are scalable.

From Inversa, there is one that particularly catches our attention: an ERP specialized in SRM (Supplier Relationship Management). That is, an Enterprise Resource Planning system that includes a Supplier Relationship Management module. Why? That is the reason for this article.
Supplier Relationship Management (SRM) is one of the many disciplines of Supply Chain Management (SCM).

"A supply chain is the set of activities, facilities and means of distribution necessary to carry out the entire sales process of a product. That is, from the search for raw materials, their subsequent transformation and even the manufacture, transport and delivery to the final consumer."

As you know, Inversa finances these supply chains. This term is known as Supply Chain Finance (SCF) and it is more complex than it may seem at first. The financing of invoices or promissory notes can be carried out in different ways: factoring, confirming or reverse factoring, discount for prompt payment, forfaiting, lines of credit ...

Supply chain financing (SCF) includes the set of financial solutions that support the entities that participate in a supply chain, from the moment the purchase decision is made until the invoice payment is made.

Now that we understand all the technical concepts, let's go further:

Inversa can be integrated into the SRM module of an ERP and thus optimize the financing of the supply chain through the method that suits you best and in a flexible way.

In other words, in addition to the platform of our website that you already know, we also offer tailor-made solutions through, for example, the SaaS (Software as a Service) model.

Would you like to know more about its operation and its advantages? Don't miss the next article!

 

GLOSSARY

  • ERP: Enterprise Resource Planning System
  • SRM: Supplier Relationship Management
  • SCM: Supply Chain Management
    • SRM is one of the many disciplines of Supply Chain Management
  • SCF: Supply Chain Finance
alternative finance crowdfactoring ERP finance FinTech SaaS SCF SRM Supply Chain Supply Chain Finance
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Any Otero
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