Barclays has launched a supplier finance service aimed at corporate customers and their suppliers. The Barclays Supplier Finance Service solution is designed to allow both parties in a commercial transaction to manage working capital requirements and business processes associated with the supply chain more effectively. The proposition provides a platform upon which buyers can better manage payment terms and enhance their days payables outstanding (DPO), while suppliers will benefit from an accelerated payment option, offering a discounted early settlement of their trade receivables, reducing their days sales outstanding (DSO). Both parties will be able to access the facility via a secure web interface.
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