CGA Launches Supply Chain Finance Platform to Support SMEs
France’s Compagnie Générale d’Affacturage (CGA), the business to business (B2B) credit arm of Société Générale has launched a supply chain finance (SCF) platform to support business growth for small- to medium-sized enterprises (SMEs).
CGA said the platform has been developed in response to heightened awareness of the need for larger corporates to foster economic growth by supporting SMEs. The interests of large corporates and their smaller, in some cases international, suppliers are often inextricably linked, and this solution addresses the financing needs of all parties in the supply chain.
Benefits of the platform include:
For suppliers, it offers: