The new Clareti Payables Financing is a complete solution to electronic factoring, receivables purchasing and inventory financing. It enables a bank to access the granular information necessary to deliver electronic trade finance solutions.
The solution can extract core accounting information from buyers and suppliers using Credit-IQ’s OSMO technology and populates Gresham’s advanced Clareti Payables Financing solution.
Andrew Walton-Green, CEO of Gresham Computing, said: The electronic supply chain finance market is in its infancy but will become mainstream virtually overnight due to huge demand from companies of all credit ratings. Our technology, when linked to banks with an expertise in trade finance, provides an unparalleled and rapidly deployable payments platform and information service to deliver trade finance solutions.
