BIDV SCF - a solution to create supply chain value for businesses

Continuing to affirm its pioneering position in the context of a strongly digitally transformed economy, Joint Stock Commercial Bank for Investment and Development of Vietnam ( BIDV ) deployed the Supply Chain Finance System (BIDV SCF) - an important step for BIDV to fulfill its commitment to accompany businesses in creating supply chain value, optimizing cash flow, improving efficiency and sustainable development.

Affirming its position in the market for supply chain finance thanks to its ability to provide flexible "tailored" solutions, BIDV's financing sales currently hold the leading market share in SCF outstanding loans with a growth rate of 40% compared to 2024; leading the market in the number of deployed chains with nearly 100 supply chains using services in a variety of fields such as automobiles, animal feed, fertilizers - chemicals, and construction materials.

BIDV SCF - a solution to create supply chain value for businesses - 1

BIDV's supply chain financing solutions with diverse products such as: Supplier financing, buyer factoring, seller factoring, distributor overdraft... meet the flexible financial needs of every link in the supply chain, helping businesses increase the speed of working capital turnover, shorten payment cycles, and at the same time strengthen the transparency and strength of the entire value chain.

BIDV SCF is a digital platform provided on web browsers on devices with internet connection. The system is deployed on Public Cloud with open connection architecture, ensuring flexibility, stability, high security and ready to connect with customers' enterprise management software systems (ERP).

BIDV SCF brings outstanding benefits to both the central enterprise (buyer) and suppliers and distributors (seller). For the buyer, the system supports enterprises in managing receivables/payables automatically: Loading invoices in batches, confirming payments, setting up separate financing conditions for each supply chain. With BIDV SCF, all information serving the supply chain is centrally managed on an intuitive dashboard, supporting multi-dimensional reporting, ensuring optimal resources for the enterprise.

For the seller, BIDV SCF completely solves the problem of cash flow congestion due to long payment cycles. The system automatically manages receivables, allowing businesses to proactively upload sales invoices to the system and receive notifications as soon as the buyer confirms payment. This not only helps to clear cash flow but also empowers businesses to proactively manage finances, strengthen partnerships and improve their competitive position in the market.

BIDV SCF is a testament to BIDV's determination in digital transformation, committed to providing modern, fast and convenient financial solutions for corporate customers. BIDV is always ready to accompany businesses to take the lead in the future of comprehensive digital transformation.

On the occasion of launching the new platform, BIDV offers VNPT e-sign digital signatures with a free validity period of up to 12 months to the first 80 corporate customers who successfully register and activate their accounts on the BIDV SCF system. This is an essential tool to help businesses complete their digital transaction experience, ensuring legality, safety and seamlessness when operating on the new platform.

For more information about BIDV SCF and to experience the leading supply chain financing platform as well as enjoy attractive incentives, please contact hotline 19009248 or contact the nearest BIDV branch.

With effective solutions in trade finance and supply chain finance activities and positive reception from the market, in recent years, BIDV has been evaluated and awarded the "Best Trade Finance and Supply Chain Finance Bank in Vietnam" by The Asian Banker Magazine for two consecutive years.

Ha An

Source: https://vtcnews.vn/bidv-scf-giai-phap-kien-tao-gia-tri-chuoi-cung-ung-cho-doanh-nghiep-ar983264.html