Deutsche Bank launches online trade

Deutsche Bank has launched Supplier Finance, a db financial supply chain solution, which is a fully automated online trade payable financing solution that combines superior trade and cash management capabilities in Sri Lanka.

As part of Deutsche Banks suite of Global Transaction Banking solutions, Supplier Finance is the first joint electronic solution offered by its Cash Management and Trade Finance businesses.

The service allows clients to better manage electronic payments to suppliers through eBills, the Banks innovative and secure business to business (B2B) electronic platform. With Supplier Finance, corporates in Sri Lanka can offer their suppliers access to financing at attractive rates.

The service enables corporates to implement payment terms that match their underlying cash flows, which allows for more efficient management of their working capital requirements.

As all payments through Supplier Finance are transmitted electronically, it also provides suppliers with online access to discount receivables.

Ultimately, this enables suppliers with the capability to actively manage their cash flows and monitor their receivables.