“Supply Chain Finance is defined as the use of financing and risk mitigation practices and techniques to optimize the management of the working capital and liquidity invested in supply chain processes and transactions. SCF is typically applied to open account trade and is triggered by supply chain events. Visibility of underlying trade flows by the finance provider(s) is a necessary component of such financing arrangements, which can be enabled by a technology platform” (As defined in Global Supply Chain Finance Forum, 2016 – a joint working group of BAFT, EBA, FCI, ICC and ITFA).
SNB’s Supply Chain Finance (SCF) product is designed to cater to the working capital needs of our customers, i.e., Buyers and Suppliers, by optimizing the financial operations of their supply chains. SNB understands the critical role that cash flow plays in sustaining and growing businesses in multiple sectors like trading, contract financing, Manufacturing, etc. SNB’s SCF products are thoughtfully structured empowering our customers to manage their working capital effectively, mitigate risks, and create liquidity within the supply chain.
SNB aim comes in alignment with the Saudi Vision 2030 to support
private sector as a trusted partner to our customers, helping them achieve their strategic objectives and stay ahead in today's competitive business landscape.
