Procurement Finance: The Digital Revolution in Commercial Banking (Palgrave Studies in Financial Services Technology)

A business model is presented in this book that illustrates how to structure the relationship that exists between financial services and procurement.

There is a clear barrier to entry when it comes to granting loans to small and medium-sized businesses (SMEs), making it all the more urgent that new models be developed to assist these companies. Because of the circumstances, it is necessary to implement creative solutions.

This book seeks to answer the question, “How can innovation support the dynamic and turbulent international context, as well as the increasingly relevant function of procurement?” by investigating this question. It is becoming increasingly vital to take into consideration the complexity of international transactions that include unusually extended payment terms.


It is necessary for organizations to determine the most effective means of managing the financial relationships and the risks associated with the granting of loans and payments. This book provides a support system for the entire procurement process, beginning with trade finance and ending with linked payments and supply chain finance.


In addition to this, the companies have a responsibility to maintain adequate levels of liquidity over the short and medium terms. This is an ongoing difficulty in the modern era, as a result of the volatility of financial markets and the ongoing climate of economic uncertainty, which makes it more difficult to secure finance from outside sources. It is necessary for businesses to maximize their available working capital. This can be accomplished through the novel idea of procurement finance, which paves the way for small and medium-sized businesses to reap the benefits of the evolving notion of collaborative procurement.

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This book presents a number of real-world examples of cutting-edge approaches of financing procurement transactions. It highlights how the application of process improvement and technology can assist in overcoming the challenging financial scenario that exists at the present time. In addition, the integrated approach to procurement finance enables sustainable solutions, which will be of interest to academics, researchers, managers, and practitioners in both buyer and vendor companies, as well as in banks and other financial institutions. This is due to the fact that the business model that was presented was used as the basis for the integrated approach.