APF is a solution to offer liquidity to the suppliers of a buyer. Usually these suppliers, or SME are limited to their access to credit. This program provides a source of funding to these suppliers to maintain liquidity. This in turn ensures stability for suppliers and buyers.
Buyer submits approved invoice for payment to Finshare which will alert the supplier of the ability to decide on a method of discounting, either manual selection or automatic financing based on eligibility criteria. This is a Straight Through Processing (STP) from approved invoices to payment.
1. Buyer uploads invoices.
2. Seller requests invoice assignment/financing.
3. Bank processes assigned invoices through FinShare.
4. Bank disburses net proceeds if funded.
5. Bank processes maturity payments.