In today's business environment, companies need a competitive advantage to survive. Often that competitive advantage can be derived from close relationships with suppliers, and one of the key challenges for businesses is to be able to negotiate trading terms that are mutually beneficial to both parties.
ANZ SupplierLink is a finance solution that allows you to offer up front payment to your suppliers, instead of normal payment terms such as 30 days or 60 days. This can provide you with the opportunity to strengthen your position to negotiate more favourable purchasing terms that result in a win-win outcome for both you and your supplier.
How it works
Once your ANZ SupplierLink facility has been approved, you need to negotiate the terms of sale with your supplier in the normal manner, leveraging off the 'up-front payment' offer for better purchasing terms.
Once terms have been agreed, your supplier provides ANZ with an accepted Bill of Exchange and ANZ pays your supplier for the value of the goods supplied. In effect, your supplier 'sells' the future payment proceeds to ANZ and receives the full value immediately.
When your supplier has been paid, ANZ will then raise a Trade Loan in your business' name for the tenor of the bill.
How to apply
For more information or to apply for ANZ SupplierLink, contact an ANZ Trade Specialist:
Call 0800 ANZ TRD (0800 269 873)
ANZ credit criteria apply, and an establishment fee may be payable. Other fees, charges, terms and conditions apply.