Barclays today launched its supplier finance service aimed at corporate customers and their suppliers.
Barclays Supplier Finance Service apparently allows both parties to manage a commercial transaction more effectively. Both parties will be able to access the facility via a secure web interface.
“As corporate supply chains become increasingly complex, businesses require more sophisticated means to help manage working capital. The Barclays Supplier Finance Service provides an effective tool to both improve working capital positions and enhance the efficiency of business processes.” claims Angela Potter, Head of Barclays International Trade and Cash Solutions.