Supply Chain Finance – Let AccordOctet Fuel Your Growth
Join over 10,000 companies financing trade with suppliers worldwide. Our supply chain finance program, AccordOctet, is as simple to use as a credit card.
Your source for growth capital
Flexible supply chain finance is a valuable key to solving the challenge of managing and maintaining growth. Traditional bank financing is always going to be one step behind, basing their credit line on what happened in the past. But as a business-builder it never pays to stand still, you need to look forward.
AccordOctet is a unique supply chain finance solution aimed at North American companies sourcing products and materials anywhere in the world. Talk to us if:
- You’ve got valuable purchase orders in hand but not enough money to execute
- You need more inventory to make sure you can satisfy repeat business without delay
- You’re ready to ramp up your manufacturing process but don’t have enough materials to drive output
- You’re heading into peak season and your bank line is already stretched
These are great problems to have – opportunity is within reach. AccordOctet is a dynamic supply chain finance tool that solves these challenges, so you can seize opportunity and maximize growth.
More power to trade with AccordOctet
This innovative supply chain finance program provides an interest-free, unsecured line of credit, strengthening your purchasing power without interfering with existing financing facilities. With Accord’s funding, the program:
- Provides quick payment to your suppliers
- Allows up to 120 days for you to repay Accord
- Up to 60 days is covered by a modest transaction fee
- Interest is paid only on the declining balance after 60 days
Use supply chain finance to unlock capital otherwise tied up in your procurement cycle, by reducing the critical timing gap between cash outflow to suppliers and cash inflow from customers. You effectively use our funds to pay your suppliers, and pay us back as you collect from your customers. And the fast trade settlement puts you in a stronger negotiating position with your suppliers, which means better pricing and enhanced long-term loyalty.
Supply chain finance with AccordOctet is as simple to use as a credit card and works in much the same way. And the program carries a modest transaction fee, similar to a credit card merchant fee, which can often be negotiated and covered by your suppliers. You pay no standby fees and no fixed term – the program will be there when you need it.
Collateral: none, unsecured
Purpose: supply chain finance for inventory/supplies
Maximum credit: up to $1 million
Term: open revolving
Repayment: monthly instalments by automated debit (similar to credit card)
Enjoy seamless integration with your suppliers
The program is backed by a state-of-the-art portal, connecting your business, your suppliers and Accord, enabling a seamless flow of documentation and funds. Using secure online access, you can review and authorize transactions online and Accord pays your suppliers within twenty-four hours. You then have up to 60 days interest-free to repay Accord, with the option to defer up to 75% of the balance for an additional 60 days. Supply chain finance is safe, secure and simple with AccordOctet.
Make AccordOctet your trading advantage
When you join AccordOctet, you open up a world of advantages:
Flexible international trade financing that complements existing credit lines:
We don’t ask for any security, which means you’re free to use supply chain finance alongside other secured international trade financing arrangements now and in the future.
Optimizes the cash flow cycle:
With supply chain finance you unlock capital tied up in the supply chain, by reducing the critical timing gap between cash outflow to suppliers and cash inflow from customers.
Promotes growth opportunities
Using supply chain finance allows you to increase the size and frequency of your orders. The program can also drive growth by providing extra credit for large orders and/or peak periods.
Provides stronger negotiating power:
Quick trade settlement puts you in a stronger negotiating position with your suppliers, which means better pricing and supplier loyalty. Plus, suppliers often offer early payment discounts, which reduce your overall supply chain finance cost.
Simplifies international transactions:
The AccordOctet portal facilitates a seamless flow of documents and funds between you and your suppliers anywhere in the world.
Is AccordOctet right for your business?
This innovative supply chain finance program is ideal for importers & distributors, including:
- Textiles & apparel
- Hard goods like sporting goods, appliances and electronics
- Toys and giftware
- Food & beverage
Manufacturers also appreciate the ability to finance material inputs required to produce finished goods.
Supply chain finance with AccordOctet works for any business financing goods, whether inventory, purchase order-related or materials for a manufacturing process.
Does your business qualify?
We welcome your application for supply chain finance if this describes your business:
- Your business has 2 or more years of operating history
- Minimum annual sales of $1,000,000
- Your business is profitable (on a cash-flow basis)
- The business has positive tangible equity
- You have complete and current financial statements
- You would benefit from supply chain finance between $100,000 and $1,000,000
Join AccordOctet and be one of nearly 10,000 companies seamlessly financing trade with suppliers around the world. Supply chain finance as simple to use as a credit card – only from Accord.
Grow with us
Supply chain finance is an excellent source of additional funding for companies already financed in other ways. AccordOctet frequently augments:
- Asset-based lending (including PO financing / Letters of credit and DIP financing)
- Accounts receivable financing / Factoring
- Accounts receivable management
- Equipment finance
- Small business loans
Consolidating all of these services under the Accord umbrella can simplify your financing and optimize your leverage, both secured and unsecured.
Supply Chain Finance FAQs
Supply chain financing provides importers and manufacturers short-term solutions for sourcing finished products and raw materials. By increasing liquidity, a supply chain finance facility can help accelerate the growth in your business by allowing you to accept more orders.
Supply chain finance works by providing quick payments to your suppliers and supporting outstanding account receivable from your customers. This enables you to accelerate the rate at which you can receive products from your supply chain and fulfill orders from your customers.
Financing tools that can help support your supply chain include: AccordOctet, reverse factoring, letter of credit facilities and asset-based loan facilities that provide inventory and accounts receivable financing.
Your company obtains a supply chain finance facility which accelerates payment to your suppliers for goods that that are pre-sold to a credit worthy customer. This allows you to fulfill an additional order, which would have otherwise been impossible due to the constraints of your existing lines of credit.
Supply chain finance generates cash flow and allows your business to seize every opportunity because you are not tying up all of your cash to make payments to your suppliers or waiting on payments from customers. A good supply chain finance solution will allow you to accept additional orders from your customers and generate more cash flow and profits in your business.
Factoring can be an important component of supply chain financing. Once your suppliers have been paid for their goods and you have shipped the final product to your customers, you can use factoring to convert the accounts receivable into cash.
Reverse factoring is a type of supply chain financing where the factoring company accelerates payments to your suppliers and extends additional terms to you, the buyer. This frees up your cash while ensuring that your suppliers continue to receive timely payments.
Yes, we offer supply chain financing to small businesses, given you meet some qualifications. Call us to discuss how you can benefit from a fast and flexible supply chain finance solution: +1-844-932-9940 (Canada) / +1-844-725-4225 (US).
Our Canadian offices currently offer supply chain financing to companies across North America. So yes! Call us directly and get financing for your supply chain: +1-844-932-9940 (Canada) / +1-844-725-4225 (US).
The best supply chain finance companies have experienced teams who understand the dynamics and intricacies of international trade. Accord is a member of Factors Chain International and offers AccordOctet that can connect you to thousands of overseas suppliers.