SPS Ecosystem

EDI Partner Benefits for Factors and Financial Institutions

Financial Institutions or factors are as important to the supply chain as any other member, particularly in the Global Supply Chain. As more and more companies elect to outsource supply chain functions, optimizing cash flow and controlling costs become increasingly important to all members of the supply chain. Factors offer a wide variety of services to meet these needs. With its Web-based EDI services, SPS offers Financial Institutions and their supply chain partners greater insight into the movement of goods, and thus, the movement of money. Benefits include faster invoicing and payment processing, increased order accuracy, and timely reporting and alerting.
Financial Institutions have the option of participating in SPS Commerce’s hosted EDI network to improve data communications, as well as outsourcing B2Bi with customers exclusively through SPS Commerce as an SPS service or a private labeled bank service.

For more information about SPS’ EDI services for factors,  Join the SPS Ecosystem