World’s Best Supply Chain Finance Providers 2018: About The Winners
For the third year in a row and eighth time overall, Orbian was recognized as the 2018 World’s Best Supply Chain Finance Provider (non-bank) by Global Finance Magazine.
BEST SUPPLY CHAIN FINANCE PROVIDER (NON-BANK): ORBIAN
In an area that is undergoing rapid change due to new entrants and incumbents leveraging technologies such as blockchain and distributed ledger, Orbian is one of the longest established players in supply chain finance (SCF), with more than 15 years’ experience in providing multibank SCF solutions. Orbian’s platform allows companies to finance their supply chain by issuing notes to sell their receivables to banks. Its multibank funding model appeals to a growing number of companies that don’t want to rely on a single bank or want to be able to easily add and change funding providers, depending on their needs. Clients praise Orbian for its ease of enrollment, which is important for any SCF program in terms of supplier uptake.
BEST PLATFORM CONNECTING BUYERS/SELLERS/FINANCIAL INSTITUTIONS: ORBIAN
The SCF provider’s multibank platform serves more than 7,000 clients in approximately 80 countries. Orbian partners with international and local banks to provide funding to its SCF customers. According to Orbian, in the last 12 months, it issued $27 billion in financing notes and transacted $31 billion in supplier payments. Customers praise the flexibility the platform affords them by its ability to source funding from multiple banks. Supplier onboarding and enrollment are also streamlined to ensure that suppliers can get up and running quickly.
The original article can be found here.