LIBOR Phase Out: Considerations for Supply Chain Finance
DAVID GUSTIN, Chief Strategy Officer, The Interface Financial Group September 19, 2019 LIBOR has been the default benchmark interest rate for supply chain finance since this technique was developed approximately 20 years ago. By year-end 2021, LIBOR will be phased out. So how does this impact supply chain finance? For a market […]
Risk Management in Early Payment Solutions
PETER JACOBSTEIN, Chief Strategic Partnership Officer, The Interface Financial Group January 14, 2020 Buyer-led early payment programs are growing fast. Fully 55% of companies surveyed in PWC’s 2018/2019 Supply Chain Finance Barometer are running some form of early payment program. Broadly, as Buyers extend their payment terms, offering early payment is a critical part of […]
Virtual Cards and Early Payment Solutions
PETER JACOBSTEIN, Chief Strategic Partnership Officer, The Interface Financial Group February 10, 2020 B2B Virtual Card (V-Card) payments are attracting a lot of attention right now — from incumbent commercial payments providers and from fintech who want to challenge their dominance. Accenture estimates Virtual Card B2B payments were $207 billion in 2019, or […]
The Blurring of Supply Chain Finance Definitions
DAVID GUSTIN, Chief Strategy Officer, The Interface Financial GroupNovember 20, 2018, Source: Spend Matters I often get this question about how factoring and supply chain finance differs from traditional invoice finance. And the real answer is it\’s very murky. There is certainly a blurring between invoice finance, invoice discounting, factoring, supply chain finance, and asset-based […]
Many Fintechs Still Rely on \’Bring Your Own Bank\’ Strategy for Supply Chain Finance
DAVID GUSTIN, Chief Strategy Officer, The Interface Financial Group Today, banks are by far the dominant player in providing supply chain finance, and do so in four ways: Direct credit facilities to their customers (corporate buyers) who can then use the facility for early payment to their supplier ecosystem. Provide an uncommitted credit facility to […]
Supply Chain Resilience and Small Suppliers
A Bruising Market Hits the Smallest Hardest Peter Jacobstein, Chief Strategic Partnership Officer, The Interface Financial Group January 12, 2021 | A recent Harvard Business Review article paints a dire picture for small and mid-sized suppliers (SMEs), and for the larger companies that depend on them. “A Financial Crisis is Looming for Smaller Suppliers[1]” argues […]
A Message from IFG: Coronavirus
Access to working capital has never been more critical for corporate buyers and their suppliers. Here’s what IFG is doing to help. First and most important, we hope you are healthy and safe. We’re living through extraordinary times. The economic waves triggered by the coronavirus outbreak are just starting. For virtually every company, access […]