Learn About the Approved Payable Finance Process
Learn About the Approved Payable Finance Process
Director, Trade & Supply Chain Finance Product Treasury & Payment Solutions
Sunil has 25 years of banking experience spanning various areas including, trade finance product development, project management, technology & business transfor…
Sunil has 25 years of banking experience spanning various areas including, trade finance product development, project management, technology & business transfor…
VIEW FULL PROFILE-
Minute Read
-
Listen
Stop
-
Text Bigger | Text Smaller
In today’s competitive market, buyers want to optimize their supply chains, and sellers want to optimize their working capital.
Buyers and sellers can achieve these goals by entering into an Approved Payable Financing solution.
Talk to a member of our Global Trade Finance team. Contact Us to learn more about Approved Payable Finance.
In today’s competitive market, Buyers want to optimize their supply chains, and Sellers want to optimize their working capital.
Buyers and Sellers can achieve these goals by entering into an Approved Payable Financing solution.
Here’s how it works:
The Seller sends an invoice to the Buyer for goods or services sold.
The Buyer approves the invoice and transmits it to BMO through an electronic platform.
The Seller can then log into the platform, where they have the option of requesting early payment.
If they DO request early payment, BMO pays a discounted amount to the Seller on the Buyer’s behalf.
When the invoice is due, the platform automatically remits the funds back to BMO.
If an early payment wasn’t made, the platform remits funds directly to the Seller instead.
Through this process, Buyers benefit from improved cash flow
As do Sellers …
Talk to a member of our Global Trade Finance team to learn more about Approved Payable Finance.
Trade and Supply Chain Finance Product Solutions
PART 2
Learn About the Receivable Purchase Finance Process
Sunil Gupta February 13, 2024
As a Seller, prompt invoice payment is key to maintaining a healthy cash flow. This is where BMO’s Receivable Purchase Finance sol…
PART 3
Learn About the Export Documentary Credit Process
Sunil Gupta February 14, 2024
When you’re exporting goods, you want assurance that your Buyers will meet your payment terms. That’s where BMO’s expo…
PART 4
Learn About the Export Documentary Collection Process
Sunil Gupta February 14, 2024
As an exporter, you’re not required to handover title to the goods you’ve shipped until you’ve received payment from the …
PART 5
Learn About the Import Documentary Credit Process
Sunil Gupta February 14, 2024
As an importer, you need to convey your creditworthiness to Seller, especially those you’ve not done business with before. That&rs…
PART 6
Learn About the Import Documentary Collection Process
Sunil Gupta February 14, 2024
As an importer, you stand to benefit financially if you are not required to pay for goods in advance. That’s where BMO’s Imp…
Conference
May 6, 2024 Toronto
Email Us