comic sbrf: an illustrative case in todays sme financing
TRANSCRIPT
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!