CGA launches supply chain finance platform supporting SMEs

Monday 10 March 2014 09:22 CET | News

CGA, a fully-owned Societe Generale subsidiary, has launched a supply chain finance platform supporting small and medium-sized companies, online media outlet reports.

According to the source, with this platform, the buyers have a payment factory option which allows invoice payment, an option of reporting on the use of the programme by their suppliers or the option to open up the platform to third party financial partners, which may provide additional financing to suppliers.

For suppliers, the platform provides optional pre-financing of their invoices, off balance sheet accounting treatment, and electronic reporting.

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Keywords: CGA, supply chain finance, platform, SME, France
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech