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Fkah

Solutions

Supplier finance

A programme the anchor buyer sets up, so its suppliers are paid early against the buyer's credit strength while the buyer keeps to the agreed terms.

Definition

What it is

Supplier finance, also called reverse factoring, starts with the buyer rather than the supplier. The buyer approves invoices as usual, and the supplier then chooses to receive the value early against a discount calculated on the remaining days.

The substantive difference is that pricing is built on the large buyer's credit standing, which is usually far better than a small supplier's. The result is a lower cost for the supplier, stable payment terms for the buyer, and a supply chain less exposed to distress.

Mechanics

How it works

  1. Who

    The buyer

    What

    Approves invoices due to its suppliers and uploads them to the programme

    When

    Within its usual approval cycle

  2. Who

    The supplier

    What

    Sees the approved invoices and the cost, and picks which ones to take early

    When

    Any time before the due date

  3. Who

    Fkah

    What

    Pays the supplier the invoice value less the discount for the remaining days

    When

    Within the programme's agreed payment cycle

  4. Who

    The buyer

    What

    Settles the full invoice value on the original due date

    When

    On the due date, unchanged

Two sides, and what each one gains

The programme only works if both sides gain. If one wins at the other's expense, it collapses within two cycles.

From the anchor buyer's side

Hold or extend your payment terms by agreement and improve working capital, without your suppliers paying for it.

  • An effect on days payable outstanding and working capital
  • A supply chain less exposed to a supplier's cash squeeze
  • Better negotiating position on purchase prices
  • A dashboard for supplier enrolment and utilisation

From the supplier's side

Receive the value of your approved invoice early at a cost built on your buyer's strength, usually below your alternatives.

  • Pricing built on the buyer's credit standing
  • No property collateral and no equity
  • Invoice-by-invoice choice, with no standing commitment
  • Digital enrolment with no change to your commercial relationship

Fit

Who it suits

  • Anchor buyers with programmable annual supplier spend — the programme is designed around SAR 100M and above, with final thresholds announced at launch
  • Buyers with a disciplined invoice approval cycle and an ERP that can be connected
  • The suppliers of those buyers, small or mid-sized
  • Sectors with a wide supplier base: retail, manufacturing, contracting and healthcare

Cost

What it costs

In this product the supplier normally carries the discount for the remaining days, calculated on the buyer's credit standing. The cost of running the programme itself is agreed with the buyer before launch.

Priced per transaction, with no sign-up fee and no monthly fee. Four things move the price: the buyer's strength, the tenor, the size of the amount, and the track record behind it. The cost is shown in full before you confirm, and Fkah's own rates will be published at launch.

How supply chain finance is priced

Questions about this product

How is it different from receivables finance?
In receivables finance the supplier starts it and submits its own invoices. Here the anchor buyer sets up the programme and pricing is built on its credit strength, so the supplier's cost is usually lower.
Does the programme affect how the buyer's debt is classified?
The accounting treatment depends on the programme's design and terms and on the buyer's auditor. We design programmes to be disclosable and discussable with the auditor from the start.
Does every supplier have to join?
No. Enrolment is optional for each supplier, and using the programme is optional invoice by invoice.
How long does a programme take to launch?
The stages are known: the onboarding kit, then supplier enrolment, then the first early payments. The exact timetable depends on the buyer's systems and the size of its supplier base.
All FAQs

Next step

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