DHL e-commerce : Mall for Africa
THE BENEFITS OF FINTECH FOR THE SUPPLY CHAIN INDUSTRY
DHL e-commerce : Mall for Africa
CLICK TO WATCH | 3:15
119
THE BENEFITS OF FINTECH FOR THE SUPPLY CHAIN INDUSTRY
Innovations in financial services technology can bring several benefits to the supply chain , including :
In exchange for using fintechs , suppliers may provide discounts such as cost of capital which can help to fund growth and expansion into new markets .
1 . Extending accounts payable 2 . Inventory orders and resupply
Typically , fintechs have relationships with multiple banks and financial institutions . As a result they can act like a broker for finance for supply chains , financing the transaction between the buyer and the supplier , allowing more time to make a payment .
Using fintechs can also provide an easier way of reordering inventory quicker , reducing manual and sporadic reorders . Rather than reaching out to individual suppliers , fintech solutions can allow supply chains to schedule and streamline operations .
fintechmagazine . com