Supply Chain Finance
Turn your invoices into COD - no more cash flow worries...
Cash flow burdens are one of the biggest challenges facing companies across South Africa. With companies losing productivity, profitability and even shutting down due to cash flow issues, no industry is unaffected.
SMEs are particularly vulnerable, and part of the problem is that products available from traditional lenders are often unsuitable and have cumbersome credit requirements.
Bizcash Supply Chain Finance was designed to be an accessible cash flow solution that meets the needs of businesses in the 21st century.
We recognize the need for businesses to focus on their core activities. Dealing with creditors and managing debtors detract from these core activities, as well as cost companies two critical resources -time and money.
The solution: Bizcash Supply Chain Finance
How It Works
Bizcash Supply Chain Finance is a revolutionary online cash flow solution. We bridge the Buyer-Supplier business relationship, by assisting Buyers to pay their Suppliers cash on delivery, while simultaneously offering Buyers extended terms and flexible repayment amounts.
Buyers and Suppliers register online in one easy process. Invoice(s) are submitted electronically, which are verified and approved by either the Buyer or Supplier depending on who initiates the request. Payment offers are then electronically generated by Bizcash SCF and if accepted by the Buyer or Supplier, Bizcash SCF pays out the offer(s) instantly. Bizcash SCF then collects from the Buyer on the agreed terms.
Buyer Benefits
Supplier Benefits
Buyer Benefits
Optimise and standardise your supplier repayment terms to free up cash flow in a very cost effective manner.
Increase adoption by enrolling suppliers quickly and easily, anyone can register.
Supplier Pays Model
Supplier selects early settlement (Buyer’s usual repayment terms) and knows instantly the exact amount that will be paid out on the invoice.
Buyer Pays Model
Buyer is able to select extended repayment terms while Supplier is paid 100% of the invoice value, COD.
Hybrid Model
The best of both – Supplier selects Buyer’s usual repayment terms and knows instantly the exact amount that will be paid out on the invoice. The Buyer then has the option of further extended terms, a fee will be charged to the buyer for the additional days.
How To Get Started
Step 1 – Registration
Our platform is simple and intuitive, confirm if you are a Buyer or Supplier. Complete your online application at www.bizcash.co.za, upload your documentation, alternatively one of our consultants will assist you in submitting all your required documentation.
Signing up is completely free with no commitments.
Step 2 – Approval
Buyers: Once your completed profile has been reviewed and qualifies for activation, your personalised credit facility will be granted.
Suppliers: Once your completed profile has been reviewed and qualifies for activation, your profile will be activated.
Step 3 – Transaction
Buyers: You can load any qualifying invoices from your connected Supplier/s onto the system as and when you need, choosing extended terms that suit you, which your Supplier can view and accept on our system.
OR
Suppliers: You can load any qualifying invoices to your connected Buyer/s onto the system as and when you need, allowing your Buyer to choose extended terms when they approve the invoice on the system, while you can get early payment.
Step 4 – Payout
Suppliers: Funds will reflect in your bank account within 1 business day.
Step 5 – Pay Back
Buyers: Your instalments will be debited (or EFT by arrangement) as per your selected terms, allowing your revolving credit facility to increase by the instalment amount when you make your repayment.
Benefits
When it comes to your business, you want to make sure it’s in the right hands. With Bizcash, you can be rest assured.
We provide tailored business solutions when traditional forms of funding are not an option – improving your cash flow to grow your business.
A simple, intuitive, web-based supplier onboarding process with attentive teams focused on providing you with any information and assistance you might need.
Our web-based platform is easy to use, streamlined, intuitive and provides detailed, real-time reporting.
Our revolutionary payment platform enables both Buyers and Suppliers to effectively manage their relationship through an online ecosystem.
An effective means to achieve value for our clients, through product flexibility and tailored solutions.
Increase your turnover and improve your cashflow!
Add-Ons
Bizcash, in association with independent specialist broker, Edge Risk Partners, brings to you Trade Credit Insurance.
Trade Credit Insurance
Why take unnecessary risks when bad debt can be eliminated. Insuring your debtors payment risk may result in a better interest rate on your Bizcash credit facility.
Trade Credit Insurance is the insurance of your debtors, protecting you against non-payment of your debtors, protecting your cash flow.