Business & Money | Monday 9 May, 2016 4:52 pm |

UbiQ Innovations, the leader in supply chain finance services in the MENA and Turkey region, announces the expansion of its product offerings to include PrimeRevenue's award winning Accounts Receivable solution, SCi Customer.

The biggest obstacle to business success is not poor product development or lack of management control. In simple terms, it is a shortage of cash and the inability to maximize cash flow. Whether it is due to rapid growth, seasonality or lack of time to chase debtors or a long business cycle, the end results are the same pressure, under performance and the inability to grow.

The receivables financing platform, SciCustomer allows selling organizations to generate cash flow through a centralized web-based platform, backed by more than 45 leading financial institutions generating unprecedented flexibility in terms of jurisdictions, currencies, credit limits and competitive pricing.

It is well known that SMEs (Small & Medium Enterprises) make up the backbone of their respective economies and as such, solutions such as SCi Customer will assist these SMEs in generating greater cash flows while reducing their debt ratios substantially. This in turn will have a macroeconomic effect on their local economies as these SMEs will be able to increase their sales, revenues and growth in addition to being better positioned to provide extra employment opportunities in their respective economic jurisdictions. UbiQ's solution alleviates the SMEs concern on how best to collect their receivables from their local or exporters markets and allows them to solely focus their attention on the growth of their business.

SCi Customer allows sellers to sell their invoices for early payment well before the actual due date and, in most cases, without any involvement from or disclosure to their customers. A true sale of their receivables, not factoring or a loan, SCi Customer automatically handles all transactions offering cross-border financing at highly attractive rates with up to 100 percent advanced payment of the invoices available leveraging multiple funding sources by using one single platform to manage the entire process from upload to sale through to maturing payments and collections. The entire receivables process can be managed and tracked with the SCi Customer solution. across the sellers' multiple customers and provides them with additional cash flow in different countries and currencies.

SCi Customer is used by numerous companies from various industries and countries. It is also highly beneficial for funders trying to manage risk and exposures of their sellers and obligors in real time. The process and platform are highly automated, minimizing manual workload and allowing a bank to manage more programs at lower risk and generate more revenues.