ING Wholesale Banking can help you with

Supply chain finance

Aiming to improve your supply chain is important to any business. ING Wholesale Banking (WB)’s Supply Chain Finance (SCF) team can assist companies in improving the financial efficiency of their supply chains by reducing the working capital of both buyers and suppliers. In addition, SCF provides management with a new holistic view on their business by improving the alignment between finance and procurement functions.

SCF is the smart option for companies wishing to diversify funding sources as well as enrich and solidify the relationships they have with their trade partners. ING Wholesale Banking (WB) delivers value through an intelligent combination of outgoing payment services and web-based technology – connecting all trade partners onto one single web-based platform. The advantages of this include:

  • Transparent trade receivables/payables statuses
  • Automatic payments and faster funding
  • Customised support for efficient rollouts
  • Broad global network to support the supplier onboarding
  • Robust SCF legal structure based on best practices
  • Avoidance of any negative impact for both buyer and suppliers.

 

Through SCF, ING WB will help bring down the total costs in the supply chain and improve your company’s working capital. Our experts will provide your organisation with guidelines on how to accelerate collaboration between finance, purchasing, sales and trade partners, in order to build a healthy supply chain. Contact us and let us help optimise your business needs.

  • Instant liquidity to supply chain, helping buyers and suppliers to improve working capital
  • Optimisation of the P2P processes, positively impacting working capital and supply chain stability
  • Intelligent combination of outgoing payment services and web-based technology with transparency for all involved
  • Web-based portal for suppliers and buyers with reconciliation features and full electronic trading of invoices
  • Efficient global payment capabilities attached to the SCF services
  • Global network to support the supplier onboarding activities
  • Domestic teams who can provide your suppliers with support in their own language

Get in touch with our local office

Please get in touch with the listed office to discuss any enquiries you may have.

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ING named Supply Chain Finance Provider of the Year 2019 (BCR)

March, 2019

ING has won the 'Supply Chain Finance Provider of the Year - Bank 2019' award by BCR Publishing, following the 'Best Bank for Financial Supply Chain Management in Central & Eastern Europe 2018' award of TMI in January.

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