Supply chain financing
Contact a Global Trade Sales Representative.
Create strong business relationships
With a world of supply sources available to you, strategic purchasing decisions could present themselves in an instant. Fifth Third Bank Supply Chain Financing can help make certain you’re prepared when these situations arise—with inventory management and making the actual purchases. Having financing in place for your suppliers’ facilities a smooth transaction, which helps build positive vendor relationships as well. Our Supply Chain Financing services can help you:
- Optimize cash flow
- Extend your days payables outstanding ratio and shorten your cash conversion cycle
- Improve supplier relations
- Reduce costs of materials
- Simplify your trade processes
Import Letters of Credit
Fifth Third-issued import letters of credit can increase your level of confidence with international transactions. Our experience and expertise can facilitate your operations by:
- Providing your foreign supplier with a payment commitment
- Helping ensure against errors and other irregularities that could occur during your transaction
- Conserving your cash until goods you order have been shipped—or longer
Timing is an important element in international transactions. Our import financing solutions can help you gain an edge by assisting with inventory management and making purchases when strategic opportunities arise.