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State Bank of India has been introduced Supply Chain Finance by leveraging its state-of-the-art technology for the convenience of the customers. The purpose of starting SCF is to strengthen the relationship of SBI with Corporate World by financing their supply chain partners.
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Supply Chain Finance SBI State Bank of India has been introduced Supply Chain Finance SBI by leveraging its state-of-the-art technology for the convenience of the customers. The purpose of starting SCF is to strengthen the relationship of SBI with Corporate World by financing their supply chain partners. Under the scheme, there are two products which are Electronic Vendor Financing Scheme (e-VFS) and Electronic Dealer Financing Scheme (e-DFS). Electronic Vendor Finance System (e-VFS) Anyone can apply for the scheme and all customers who require a vendor discount scheme can enjoy vendor financing limits with SBI. The bank also provides guarantee service through Instant Interest Recovery Process and Auto Debit of Reversal. It can reduce the hassles of the bank in recovering the finance.
Electronic Dealer Finance System (e-DFS) It provides financial assistance to an applicant. The application aims to automate the supply chain finance interest rate disbursal and interest recovery process. It also provides a repayment model through Internet banking and other channel systems. The makes the application customize for all customers who require a Dealer Discount Scheme and enjoy dealer financing limits with State Bank of India. Supply Chain Finance Financing by SBIFinancing by SBI Vendors Corporates Dealers Receivable financingpurchase financing e-VFS e-DFS Features It provides convenient paperless banking. Ensures Real time online transfer of funds and MIS. It is fully customizable as per your business requirements. It is capable of being fully integrated with Corporate Enterprise Resource Planning Software (ERP)/SAP.