Suppliers and buyers have finally understood that they need to put aside their differences if they want to survive the crisis. To ensure the sustainability of their businesses' production chains, the solution found is to seek resources in a unified manner through technological solutions that integrate buyers, suppliers and financial institutions.
This alternative makes it possible to make projects viable, reduce financing costs and increase the supply of working capital for supply chains. This is what has become known abroad as supply chain finance.
The concept is now arriving in Brazil through a partnership between Intoo, an online credit platform that facilitates working capital financing and receivables anticipation by connecting companies and financial institutions, and Coobo, which specializes in consulting and intelligent expense management technology.
The model has allowed companies to obtain an average reduction of up to 70% in the cost of credit. While the average market funding fluctuates around 5% per month, according to the Central Bank, those resulting from the partnership between Intoo and Coobo can cost less than half that.
“The need for working capital is one of the biggest detractors of performance in the production chain. During a crisis, companies cannot obtain credit from banks and seek alternatives. By working alongside the supplier, the buyer contributes to the sustainability of the chain,” explains Lucas Mattos, operations director at Intoo.
“We have identified that many suppliers are already experiencing cash flow problems and, if this continues, large buyers will cannibalize their supplier network. It is a vicious cycle,” says Fabiano Coutinho, managing director at Coobo.
Source: SEGS
