In a market marred by high interest rates and sluggish demand, retail insolvencies surged by 19% in 2023/2024.
Against that backdrop, timely payments are pivotal for supply chain resilience.
Late and long payment terms not only strain a company's finances but also imperil supplier operations, risking insolvency and supply chain disruption. SME suppliers, bear the brunt of these issues as they have limited financing options and their corporate clients do little to support them. Indeed, less than 7% of corporates in the UK governments payment practices report provide access to Supply Chain Finance facilities which could positively transform suppliers working capital.
Position Your Brand
Crossflow's Payment Quadrant (CPQ) provides a comprehensive assessment of a company's payment performance based on UK payment practices, highlighting areas for improvement. With the UK average payment time at 35.3 days and 24.3% of payments exceeding agreed terms, the need for optimized payment solutions is more evident than ever.
Why Choose Crossflow?
Crossflow is the solution for these trade finance challenges. With AI-driven optimization, Crossflow provides swift working capital solutions tailored for Corporates/MNCs and global suppliers of all sizes within 48 hours, ensuring competitive rates and seamless onboarding without impacting existing credit facilities.
What makes Crossflow different:
- Global Network: Single contract, local currencies, saving on FX costs.
- AI-Finance: AI marketplace optimize rates, boosting margins by 3%.
- Speedy Rollout: Onboard suppliers in 10 mins, fund within 48 hours, saving 67% time.
A Win-Win Solution
Crossflow empowers enterprises to fortify supplier relationships, optimize cash flow, and enhance profits. For suppliers, it guarantees timely payments, fostering stability and facilitating growth and ESG initiatives.
Verena Chien - is experienced and self-motivated Clients' Engagement Manager with great analytical skills to identify real challenges for different sectors' corporates and build strategic solutions with short and long term objectives in finance. Great experience in corporate banking, project management and operations analyst.
