We give the buyer the ability to import goods and pay later, without using Letters of Credit (L/Cs) and
their valuable bank credit lines.
Longer credit terms to improve cash flow
Stenn enables open account terms from your international suppliers, deferring cash outflows and
improving working capital. Stenn helps you set payment terms that best suit your business, rather than
conforming to the terms offered by your suppliers.
No impact on current financing
The Stenn Supply Chain Finance program is an unsecured facility. Repayment to Stenn is recorded as a
short-term trade payable that is non-invasive and does not affect your existing financing arrangements.
No use of credit line
When providing the supplier with a letter of credit, you tie up availability under your existing credit
line. Making purchases using an L/C is a cumbersome process that exposes parties to discrepancies and
excessive fees. Stenn allows for a simplified payment method via open account.
Better Choice of Suppliers
With Stenn, importers can source goods directly from manufacturers without having to use agents,
intermediaries, or trading companies. This allows for increased margins due to lower cost of goods.
No Cost to the Buyer
Stenn pays the supplier upon shipment by purchasing their invoice issued to you, at a small discount.
When the invoice matures and payment is due, you pay Stenn the face value of the invoice. Thus, the cost
of financing is absorbed by the supplier.
We give suppliers access to ready capital that allows them to properly finance their production and their
growth by offering more attractive buyer payment terms.
Suppliers increase their sales volume by offering open account terms to their buyers, enabling buyers
place larger orders.
Stenn guarantees payment from buyers. Should a buyer default on a payment due to bankruptcy or
insolvency, the supplier is 100% protected.
Stenn handles the collection of payments from your buyers, taking away the hassle of collection
management. Suppliers don’t need to worry about different time zones or language barriers.
Improve cash flow and working capital
Access to capital formaterials or to fund growth and investments.
A supplier that offers open account terms can win business in a competitive marketplace.