Vendor Finance is a form of collaboration between Vendor and TTL in which a comprehensive financial solution is provided to end user when purchasing equipments or service from vendor. It is one-stop service to support both vendor and end user without having to approach to financial institution separately.
PROCESS of vendor finance
Referral Scheme
Assignment Scheme
TYPE OF VENDOR FINANCE
Referral Scheme
The vendor introduces the potential customer to TTL and also provides the full supports to close the deal. TTL collaborates with vendors to provide the tailor-made financial service to the customers. TTL considers risk and return based on the customer’s credibility.
Assignment Scheme
In some cases, it’s inevitable for vendors to enter into agreement with customers directly. For such cases, TTL could offer to take over receivables with acknowledgement by the customers.
BENEFITS
Possible to accelerate more business.
Possible to become more valuable as a one-stop total solution.
Possible to complete sales earlier.
Possible to be more competitive in the market.
Possible to flexibly design new scheme to match with end-user requirement.