Orbian Supply Chain Finance (SCF) is the collaborative approach to trade payments and receivables financing. The solution is made possible by the use of a technology platform uniting the buyer and its suppliers. Orbian provides instant visibility into invoices approved for payment and grants suppliers a non-recourse early payment option with a discount rate that is based on the buyer's cost of debt; reducing costs across the supply chain.
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The Orbian Solution
The Orbian SCF Solution delivers the benefits of 3 solutions in 1:
Approved invoice visibility platform
Orbian receives information from the buyers system automatically and immediately presents it to suppliers via a secure website, giving suppliers real-time visibility into approved invoice and settlement information.
Efficient receivables financing
Orbian purchases receivables from suppliers in exchange for non-recourse cash for the full value of their invoice as fast as two business days from invoice approval. Buyer collaboration allows Orbian to finance suppliers at an extremely attractive rate.
e-Payment and settlement
Orbian fully automates the settlement processes for all payments made to suppliers. Orbian streamlines settlements for buyers, who initiate a single payment item to pay all invoices due to suppliers.
The 8 simple steps of the Orbian SCF Process:
- Suppliers submit invoices just as they do already
- Buyer approves invoices just as they do already
- Approved invoice information is automatically sent to Orbian
- Suppliers view approved invoices and elect to sell receivables
- Orbian delivers non-recourse cash to suppliers
- Buyer settles via Orbian on the payment due date
- Orbian settles payments with the owner of the receivable
- Automated reconciliation between Orbian and buyer's systems
Orbian SCF Solution Implementation
The Orbian solution delivers the most timely and cost-effective implementations in the SCF industry. Buyers benefit from the expertise of Orbian's Business and Systems Support Team as well as our detailed Implementation Guides to launch a fully operational SCF program on time and under budget.
The one-time Orbian implementation process includes:
Technology:
The Orbian Business & Systems team will work with you to configure Orbian as a payment method and house bank within your existing enterprise software and A/P system.
Funding:
The Orbian Treasury team will work with you to execute a funding strategy that meets your company's specific needs. Buyers have the flexibility to select program lenders as any and all lending institutions can participate via Orbian with no technology requirements.
Supplier Enablement:
The Orbian Supplier Enablement team will work with you to develop your supplier acquisition strategy and tailor Orbian's effective program communication and marketing materials.
What customers are saying
"Vendors can get paid anytime they want at a discount rate that is closer to my cost of debt than theirs, and we can do business with ZERO working capital. It’s a major innovation"
"I seldom say anything is flawless but in this case it is. I get paid when I want and can do business with zero investment in accounts receivable. It’s just so simple; the Orbian solution requires no intervention"
"The results we have achieved with just the first supplier in our SCF program have provided enough economic benefit to cover the entire internal cost of implementing the Orbian solution."
