comic sbrf: an illustrative case in todays sme financing

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But they require extra cash flow.. if only i’d get john’s money now, i wouldn’t have to cancel my new clients Thursday, 15th of October Friday, 16th of October chris adresses traditional sources of funding, but his requests get rejected He is redirected to a factoring company that can pre-finance his invoice as a result, new projects are lining up saturday, 10th of october Receivables finance might be an idea.. you don’t match our revenue requirements sorry, your default risk is too high Friday, 16th of October Hi i’m chris and i own a contracting company of 2 people and This is john. he just opened a convenience store Meet chris the contractor! can you introduce us to John, and ask him to change the bank account number to ours? We verify the invoice next week This is all thanks to chris the contractor!

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But they require extra cash flow..

if only i’d get john’s

money now, i wouldn’t have to

cancel my new clients

Thursday, 15th of October

Friday, 16th of October

chris adresses traditional sources of funding, but his requests get rejected

He is redirected to a factoring company that can pre-finance his invoice

as a result, new projects are lining up

saturday, 10th of october

Receivables finance might be

an idea..

you don’t match our revenue

requirementssorry, your

default risk is too high

Friday, 16th of October

Hi i’m chris and i own a

contracting company of 2

people

and This is john. he just opened a convenience store

Meet chris the contractor!

can you introduce us to John,

and ask him to change the bank account number to

ours? We verify the invoice next week

This is all thanks to chris the

contractor!

thursday, 22th of October thursday, 22th of October

After failing to verify the invoice, the factoring company also disappoints chris

triggered by this financing challenge? join our workshop as one of the stakeholders to contribute in realising this solution!

Supplier

such a network could automate risk

management and financing process

factoring company

it could be as easy as a like

(corporate) buyer

monday, 19th of October

after several attempts, the factoring company reaches john’s assistant to verify the invoice

Hi! Glad to finally reach you! Who are you

again?

wednesday, 21th of october

Can’t find the invoice

chris calls john to inform him on the pre-financing agreement and asks him to change the invoice info

I’ll get in touch with my

assistant

fund request , approval and

payment

exchange invoice

Buyer

exchange of invoice status information

Can’t those suits in the city come up with something better?

creating a standardised link

a hassle free, standardised exchange of invoice status information

we could help SME’s by

providing a one-click-financing-

button in our system

we could play a role in making e-invoices and

status information

software vendore-invoice provider

well, there’s

light at the end of the

tunnel!

Financier

One week has passed:chris sees his final financing option to fund his projects slipping away

Why is it so @#$@ difficult!