For suppliers, Bramid Limited offers a Supplier Partnership Program in which Bramid acts as an adjunct to a supplier’s credit department by adding a new or incremental credit limit for pre-qualified buyers. These buyers would use a facility provided by Bramid specifically for additional purchases from the supplier partner, and all credit risk and operational functionality and costs would be assumed by Bramid. The supplier would be the beneficiary of increased sales without adding credit risk and administrative expense. This unique Supplier Partnership Program permits the supplier to increase sales without any risk of non-payment.
Mitigating risk is the name of the game in any business. Over the past several years, more risk has been introduced into supply chain at the expense of suppliers, while to the benefit of some buyers. There has been a growing trend of large buyers taking much longer to pay their suppliers, and in some cases, threatening their suppliers with these newly extended terms with a “take it or leave it” ultimatum. The pressure is building on some suppliers to meet buyer demand for extended credit terms. By establishing a partnership with Bramid Limited, a supplier can continue to service its buyers at a higher purchasing level without the added credit risk. Bramid can extend the payment terms with an additional 30 to 90 days of financing to a buyer, relieving the stress of the typical cash-to-cash cycle for the buyer, and incrementally increasing purchases from the supplier.
Just like any financial entity, Bramid Limited is obliged to perform an appropriate level of due diligence before engaging in a trading agreement with a client. This would mean pre-clearing prospective clients with the supplier, followed by visiting with prospective clients to begin the application process and provide more information about ourselves and our product. After working in close cooperation with the supplier and upon final approval, Bramid would be in a position to offer a trading agreement to a prospective client or even a list of clients. Experience has shown that our entire process has a turnaround time typically shorter than traditional lenders. If a prospective client wishes to proceed, we simply require a signature on our documentation to establish the facility and the formal request for payments to be made to our designated supplier partner. Contact us today to learn more about becoming a Supplier Partner.