With our Purchase Order Funding (PO Funding) solutions, you won’t have to worry about cash flow shortages or missing out on large orders. Our services also include tender funding, ensuring you have the financial support to secure government and corporate tenders. This way, you can grow your business with confidence.
Sourcefin makes Purchase Order Funding and tender funding easy for businesses across South Africa, ensuring smooth financial support from start to finish. We help you with everything from sourcing supplies to managing logistics and project delivery. We are here to support you through the entire process to ensure you deliver successfully on your next purchase order.
Our open-minded approach to PO Funding means we do our best to help your application succeed. This is true even if you are a startup or small business, or if others have rejected you.
We give you more than just PO financing. We find the supplier and match the goods to the purchase order. We ensure a smooth process so you can deliver the order on time.
Our PO Funding specialists will validate and verify your purchase order to make sure you get paid after you deliver your tender. This enables you to grow your business with confidence.
We offer much more than PO Funding. We offer specialist support for business processes, finances, and seamless operations to help South African businesses grow with ease.
We simplify the entire PO finance process to make it easy for you to secure the funding you need to fulfil your purchase orders. Get tender finance in three simple steps and confidently deliver on your next purchase order.
First, answer a few simple questions to see if we’re the right fit for you. Second, provide basic business and personal information effortlessly supported by automation. Finally, tell us about the deal so we can prepare to provide you with Purchase Order Funding.
We use advanced automation and cutting-edge credit qualifications. Through careful assessment, we aim to make every PO finance deal work, even when other funding firms cannot support your business. Our friendly consultants will help you understand our PO Funding offer, helping you every step of the way to ensure there are no surprise fees or costs.
Once Sourcefin approves your PO Funding application, we will pay your supplier. The supplier will then make and ship the goods. This will complete the purchase order and ensure your customer receives high-quality items on time. Then, you can invoice your customer and receive payment. We receive the original PO Funding advance and a small portion of the profits, and you keep the rest to grow your business!
Sourcefin is your ultimate PO finance partner, providing you with start-to-finish support on your next purchase order. We deliver:
Like us, you’re targeting growth. By building a lasting partnership we can grow together. Start growing your business today with your Purchase Order Funding partner of choice.
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Discover the essentials of Purchase Order Funding with our quick guide. Learn how PO Funding works, its benefits, and how it can help your business manage cash flow and fulfil large orders effectively.
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Purchase Order Funding, or PO Funding, is a financial tool. It helps businesses complete large orders. This funding provides the money needed for production and delivery costs. It does this before the customer makes a payment.
PO Funding, Purchase Order Finance, PO Finance, and Tender Funding are all names for Purchase Order Funding. Businesses often use these terms interchangeably to describe the process of securing funds based on confirmed purchase orders.
Purchase Order Financing allows a lender like Sourcefin to advance funds based on a confirmed purchase order. This funding covers supplier costs, ensuring they deliver on time and receive payment once they fulfil the order.
Tender Funding, also called Tender Finance, helps businesses get government and big corporate contracts by providing upfront funding to meet tender needs. This support ensures smooth project delivery and better cash flow management.
PO Finance is ideal for small to medium-sized businesses experiencing cash flow challenges when fulfilling large orders. It helps businesses maintain growth without financial strain and allows them to secure more purchase orders.
Sourcefin offers comprehensive PO Finance solutions, including funding, sourcing, and logistics support, ensuring successful order delivery and business growth. We also provide tender funding to help businesses secure and complete significant projects.
It depends on several factors, including the purchase order value, delivery costs, and the duration the money stays tied up. The overall complexity or risk of the deal also matters. We evaluate each application individually, and assign a fee based on the aforementioned factors.
To qualify for PO Funding, you will need to provide some or all of the following documentation:
More documents may be required depending on the complexity of the order.
To get PO Funding, you usually need a confirmed purchase order from a reliable customer. Additionally, you must be able to complete the order on time. Importantly, the purchaser or end buyer (your client who issued the purchase order to you) should be able to pay the full amount due on time.
Not necessarily. Remember, the money advanced to you is specifically to deliver on a purchase order. Therefore, the value of a valid, successfully delivered PO secures the money we advance to you. We will take your credit history into account during our application process to check that there are no significant risk factors. Ultimately, the power of our open-minded funding model will decide whether we can fund your order.
Sourcefin aims to approve the deal within 48 hours. However, the timeframe for receiving PO Funding can vary. Many businesses can secure purchase order financing within a few days to a week. This depends on the complexity of the order.
Tender Funding can cover various costs to ensure that businesses can meet tender requirements effectively. These include supplier payments, manufacturing expenses, logistics, and other project-related costs. Most of the time, Sourcefin covers the full cost to supply the order.
PO Funding helps improve cash flow by providing the necessary funds upfront to fulfil purchase orders. This ensures that businesses do not face cash shortages during critical operations. It also makes sure you do not have to reject life-changing purchase orders because of a lack of cash flow. Sourcefin is on a mission to help you grow your business.
PO Funding is not a traditional loan. Instead, it is an advance based on a confirmed purchase order. This means you usually repay the funds once you complete the order and receive payment. Most of the time when you partner with Sourcefin, for example, they only receive payment once you receive payment.
South African industries that frequently benefit from Purchase Order Finance include manufacturing, wholesale, distribution, and retail, especially those dealing with large volume or high value orders. South African public sector organisations, like national and provincial departments, municipalities and state-owned entities also benefit from their suppliers being funded by Sourcefin, as service delivery is not at risk because of cash flow constraints. This benefits the communities they serve.
Sourcefin doesn’t help with the purchase order application process. Instead, we give you the peace of mind to apply for orders that you may have felt you couldn’t apply for in the past due to insufficient funding or sourcing support. Once you have received a purchase order, Sourcefin can support you source, fund and deliver on time, every time. We’ll partner with you for growth.
Sourcefin is a finance specialist providing a comprehensive suite of services for delivering on purchase orders. This includes PO funding, sourcing goods from our network of suppliers, handling all logistics, and offering expert guidance to ensure the successful delivery of your requirements. Additionally, we provide invoice discounting services to help manage your cash flow efficiently.
