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Skyscend is your partner in success. We help you convert every invoice into a revenue opportunity and unlock working capital for yourself and your suppliers using Supply Chain Financing against your accounts payables. We collaborate with large enterprises and their numerous micro, small and medium sized suppliers. We enable and empower our business partners with easy and quick access to working capital through payable financing. Let us help you understand some of the basics of Supply Chain Finance, and how we can help you succeed and become more competitive.
Supply Chain financing is a set of solutions that optimizes and accelerates cash flow by extending short-term finance to suppliers that are part of the value chain of large companies. In Supply Chain Financing, we evaluate the supply chain and its partners together rather than considering the individual company. We use technology to gather data and information to evaluate and prevent risks rather than using collaterals. The use of technology and supply chain relationships, helps us to reduce risks and costs at the same time. This results in win-win-win situation for the buyers, the suppliers, and the financers.
We bring all the players of a Supply Chain, i.e., the Buyers and their Suppliers, on one platform and add a new collaborator to it – the Financer. These financers are not the traditional financers who evaluate each business entity separately and need a primary security or collateral for providing working capital. Rather, we use technology and supply chain relations to fund the working capital for suppliers and buyers.
Thus, our Supply Chain Finance solutions help micro, small, and medium suppliers and large enterprises with greater transparency, flexibility, and control. All this helps businesses grow and create more employment opportunities.
Skyscend is a FinTech firm with headquarters in Atlanta, GA and Bengaluru, India. Skyscend builds transformative technology solutions for global trade. Our focus is customer procurement excellence through the application of modern technology that makes commerce easy to use. We build cloud-native products in the procure-to-pay continuum with technologies such as AI and blockchain for simplicity and transparency. Our customers are global corporations looking to optimize their legacy AR & AP processes to small and medium organizations beginning their digital transformation journey.