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Accelerated Payments Helps SMEs Grow Through Cross-Border Trade With APTF Launch

Accelerated Payments launches its new AP Trade Finance (APTF) product to help businesses grow through cross-border trade.

APTF, the latest trade finance product from the end-to-end working capital solutions provider, Accelerated Payments has officially come to life, featuring logistics-intensive processes that allow the company to assume full control over goods from the manufacturing site to being delivered to small and medium-sized enterprises (SMEs).

This approach gives businesses, in particular SMEs, much-needed flexibility and adaptability in today’s challenging economic environment and supply chain complexities. And according to the company’s latest announcement, APTF offers ‘unparalleled flexibility and control, making it the ideal solution for businesses operating on a global scale’.

The launch of APTF comes as SMEs continue to struggle with disruptions caused by the global pandemic and Brexit. According to recent reports, 43 per cent of SME owners have been impacted by supply chain issues in the past year, with many struggling to obtain cost-effective supplies or products for their businesses.

In addition, one in four SMEs has seen supplier prices almost double in recent years, making it more challenging to remain competitive.

When cross-border trade meets APTF

Accelerated Payments describes APTF as ‘a game-changing solution’. Here’s how it intends to revolutionise the trade finance industry with benefits that include:

  • Provides financing for SMEs to purchase goods from international suppliers, using inventory in transit as collateral, which can help SMEs grow and compete globally.
  • Minimises cross-border trade risks with a unique approach and oversight of the entire logistics process backed by cargo insurance.
  • Improves cash flow by setting the value of goods in transit and shortening the purchase-to-sale cycle, benefitting SMEs servicing larger corporations with high customer demands.
  • Enhances SME competitiveness in the global marketplace by providing access to financing, reducing risk, and improving cash flow.

APTF’s trade finance product is especially beneficial for SMEs involved in cross-border trade. By pledging their inventory as collateral, SMEs can access innovative financial services that would otherwise be unavailable due to a lack of necessary securities for traditional financing options.

APTF Accelerated Payments
Ian Duffy, CEO, Accelerated Payments

“We’re proud to be reimagining the way businesses operate on an international scale by providing unparalleled flexibility and efficiency,” said Ian Duffy, CEO of Accelerated Payments.

“As a provider of end-to-end working capital solutions, we help businesses looking to thrive in today’s complex business environment. With our unique approach, businesses of all sizes can access the financing they need to grow their businesses and compete across borders.”

Author

  • Tyler is a fintech journalist with specific interests in online banking and emerging AI technologies. He began his career writing with a plethora of national and international publications.

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