Supply Chain Finance

OpenInvoice Supply Chain Finance is a fully integrated supplier payment program that allows you to pay your suppliers faster while you hold on to your cash longer and earn money at the same time.

The Buyer & Supplier Cash Flow Dynamic

The balance between supply and demand can shift quickly, especially in the oil & gas industry. As a buyer, you want to hang on to cash longer to strengthen your balance sheet while ramping-up operations, but you need a stable supplier base to support your growth. Your suppliers, on the other hand, are asked to provide more services but are expected to accept extended payment terms, putting their business under cash flow pressure.

The Buyer & Supplier Cash Flow Dynamic

A Win/Win for Buyers & Suppliers

As a buyer, you want a strong and loyal relationship with your suppliers ensuring you get the services you need to operate and grow. Oildex’s Supply Chain Finance program gives you the ability to pay your suppliers sooner while you optimize payment terms and maximize capital returns – meaning you can keep your cash longer while your suppliers can get cash flow right away.

How it Works

Buyer

Buyer

  • Signs with Cass Bank and sets payment terms
  • Receives/approves invoices through OpenInvoice
  • Pays invoices to Cass Bank on agreed terms (30-90 days)

Oildex & Cass Bank

Oildex & Cass Bank

  • Oildex works to promote the program to Suppliers and get them into the system
  • Cass Bank receives approved invoices, pays Supplier early
  • Oildex remits rebate payments to the Buyer quarterly

Supplier

Supplier

  • Receives payment from the financial partner within three days of invoice approval (minus an early pay 2.5% discount)

Top 5 Reasons Oil & Gas CFOs Should Utilize Supply Chain Finance

Top 5 Reasons Oil & Gas CFOs Should Utilize Supply Chain Finance

This Ardent Partners report details how CFOs and other financial leaders in the oil and gas industry can leverage SCF to optimize payments, maximize returns, normalize cash flows, strengthen supplier relationships, and ultimately improve bottom line results.

Read the White Paper

Benefits of Supply Chain Finance

Buyer

  • Maintains or extends payment terms
  • No financing costs
  • Stable supply chain

Buyer & Supplier

  • Predictable cash flow
  • Improved liquidity
  • Stronger relationships

Supplier

  • Receives payment faster
  • No financing/loan required
  • Cheaper than traditional financing

The Oildex Advantage

Integration

Our supply chain finance product is fully integrated with our industry-leading OpenInvoice platform and can exist along with other capital management programs.

Supplier Reach

Our extensive network means more participating suppliers which can streamline adoption and make the overall process easier and faster for everyone.

Support

Oildex is the first point of contact for all service and support requests, that means you can focus on your business.

Security

Supply Chain Finance is delivered on our secure OpenInvoice platform with multiple layers of security, each with its own policies.

Learn More About Supply Chain Finance

Learn More About Supply Chain Finance

If you’d like to learn more, complete the information below and one of our representatives will contact you in one to two days.

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