IFG Insights, News and Media
Supply Chain Finance: The Trillion-Dollar Opportunity for Procure-to-Pay Networks
Worldwide Supply Chain Finance volume reached nearly $2.2 trillion in 2022, up 21% over the year before. This means Procure-to-Pay and AP Automation firms have a trillion-dollar opportunity to add Supply Chain Finance as a service for their customers. This article explores what Supply Chain Finance is, why it\’s important, and how firms can benefit from offering this valuable new service for their customers. We\’ll also examine successful case studies of Procure-to-Pay and AP Automation firms partnering with Supply Chain Finance providers.
Will New FASB Disclosure Rules Change Supply Chain Finance?
In September 2022, FASB issued ASU-2022-04, with new disclosure rules for Buyers who offer Supply Chain Finance programs to their Suppliers. In this report, we’ll examine the new rules, explain when disclosure is required, and discuss their potential impact on Supply Chain Finance.
IFG Stands with Ukraine
The Interface Financial Group stands with the people of Ukraine.
Technology and Funding Inclusivity
Everyone knows: the less you need financing, the easier it is to get. Fortune 500 companies have virtually unlimited access to working capital solutions. But their suppliers, especially those in the long tail, often struggle. At best, securing working capital is cumbersome and expensive. At worst, it’s not available at all.
Tribute to Theodore (John) Sheehy
It is with heavy hearts that we announce the passing of our founder, Theodore (John) Sheehy. Born in Michigan in 1931, he passed away on Monday, December 6th in Toronto, Ontario…Where he had made his home for over 50 years. He is survived by his beloved wife, Sheila as well as his children and grandchildren.
Next wave innovations in supplier finance
Throughout this decade with the growth of buyer-led supply chain finance programs or buyer-sponsored early payment services, teamed with the increase in attention to SCF services in general, we have witnessed significant technological transformations within the industry.