Benefits to Fortune 1000 Buyers
EF can provide your suppliers with the best available financing, while creating significant value for you in the following ways:
Financial
- Direct New Profits: EF will pay you a commission based on the financial spread between your suppliers' credit rates and yours. Imagine… getting commissions from your suppliers’ banks.
- Indirect New Profits: If you are in the process of changing credit terms with a supplier, EF can support you both in the process. You will be able to enjoy longer payment terms without damaging your supplier's cash flow and balance sheet.
Strategic
- Leverage relationships. EF's instrument supports suppliers and can be used strategically when negotiating terms.
- Streamline payment processes. EF will work with you to shorten approval cycles and make invoice handling more efficient. EF also incents suppliers to invoice more accurately.
- Influence inventory cycles. Suppliers are more accommodating with delivery dates when they know they will receive rapid payment.
- Empower the AP officer. Suppliers perceive the EF financing program as a benefit. Participation in the program is at the discretion of the financial officer.
- Strengthen your balance sheet.
Implementing EF's Real-Time Information Based Financing requires no changes to your internal payment processes: you continue to pay your suppliers as you do today, according to your schedule and discretion. You retain total control and flexibility, while we deliver better processes and profits.