CapitalBay SCF Platform Provides Full Visibility on Payment Process

Nature’s Creation Sdn Bhd specialises in providing top quality of water pond decoration including the widest and most complete of products range from landscaping, waterfall, bridge, pond, sculpture, fountain, to water slide.  Being in the business for about 2 decades, its business owner, Mr Fang views that cash flow is the main working capital challenge, particularly during tough economic climate.

He added that its company has to manage its suppliers and customers, getting the accounts receivable in soonest possible to pay off the accounts payable. With CapitalBay, this can be done easily. CapitalBay puts us in control, allows us to select invoices to be paid early and know exactly when to expect payment, through the SCF platform. Hence, we can budget, manage cash flow and order from suppliers.

Previously, Mr Fang often encountered the scenario where he was kept in the dark of the payment status. Whenever he sends an invoice to his customer, he is uncertain if the customer has received the invoice, processed for payment, correctly captured into its financial system, approved for payment or payment has been made. With CapitalBay’s supply chain finance (SCF) platform, these uncertainties are eliminated. Buyer upload invoices to the platform, supplier chooses invoices for request of early payment and supplier be notified when the said request is approved.

The supplier has full visibility on the payment process including track invoices online, amount due and remedy any issues or discrepancies before it impacts its cash flow. In short, supplier benefits from better forecasting and planning to improved risk management. This kind of visibility not only provides peace of mind but allows the supplier to focus on running its business.

By CapitalBay