Supply Experience (SX) Project Qorus Banking Innovation Awards 2023

SCF empowers small and medium-sized suppliers by enabling them to access funds before the scheduled payment date of their Approved Payable Invoices, all facilitated through a user-friendly digital platform. Partner companies generate these invoices prior to their payment deadlines, ensuring they are readily accessible to suppliers upon uploading onto the SCF portal. During financial urgency, suppliers can easily initiate early payment requests for their preferred invoice(s) via the portal. Upon selection, RBank promptly disburses the invoice’s value, deducting only necessary processing fees and discounting charges, with the funds instantly deposited into the supplier’s account. This streamlined process ensures suppliers have the financial flexibility they require for their operational needs.