Supplier payment schedules can be a major issue for companies with little or no cash on hand. Suppose your company is receiving orders at a greater rate than your available working capital. In that case, thinkBOC provides purchase order or PO financing as a short term financing tool designed to help your business grow.
For companies receiving finished or near finished goods from their suppliers, thinkBOC’s solution helps you meet supplier requirements and bridge the sometimes extensive gap between when a product is loaded for transit, and when a customer receives and pays for it.
You Receive a PO from your customer
You place a PO with your Supplier and receive an invoice
Documents are reviewed and terms are set
Supplier receives payment and goods are produced and shipped
Customer receives products and BOLs are signed
Final customer invoice is paid and funds are returned
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