Solutions for Procurement

Purchase Order Finance is a new way of financing the supply chain of public and blue chip organisations. All buyers can benefit from an enhanced supply chain relationship whilst National and Local Government can meet policy and social objectives through their procurement process. There is no cost to the buyer.
A stronger supply chain

A stronger supply chain

A supply chain with well-funded suppliers is far more resilient, with reduced risk of suppliers failing to deliver. It also reduces a buyer’s costs associated with delayed delivery or non-delivery, and these costs can often be multiples of the value of the failed contract.

You retain control

You retain control

The buyer decides which suppliers are offered Purchase Order Finance and the buyer does not have to assign the procurement contract to a third party. The availability of purchase order finance at the beginning of the production or supply process increases the number of suppliers who can meet the buyer’s procurement needs. This reduces any key supplier dependency and encourages competition for contracts and innovation in supply. Invariably this reduces overall buyer costs.

Beneficial for local economies

Beneficial for local economies

Local suppliers employ people who live, work and spend locally. Purchase Order Finance brings benefit to local and regional economies by enabling a greater percentage of annual procurement to be with smaller and local suppliers.