Coca-Cola does it. So does the global consumer goods group Procter & Gamble and discount store chain Walmart. In Australia, Telstra, and construction group CIMIC are into it. All are using an increasingly popular scheme known as ‘Supply Chain Finance’ to pay the companies that provide them with goods and services.
Supply Chain Finance can help push more cash into the economy by speeding up payments while Steven Furman, Executive Director & Chairman of TIM Finance, says the market’s development in Australia is growing, but lagging other global countries.