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HSBC Launches Digital Supply Chain Solution For Sri Lanka Clothiers

November 08, 2019 / PYMNTS.com
SHARESHARESHARE

HSBC has revealed that it is launching a web-based supply chain platform specifically for Sri Lanka apparel exporters, allowing them to make early payments to suppliers. Launched last month, the Supply Chain Financing platform can help exporters optimize working capital, while also reducing costs and manual errors. In addition, buyers can optimize payment terms, as well as boost liquidity and payment efficiency. “By injecting liquidity into the supply chain, they can extend supplier network and enhance strategic supplier relationships,” said Ajay Sharma, the Regional Head of Global Trade & Receivables Finance for HSBC in Asia Pacific.