FCIreverse: how does it work?
FCIreverse, a Supply Chain Finance (SCF) Solution, is the only holistic solution for reverse factoring. It combines the power of the FCI member network, solid FCI legal framework and an award-winning technology powered by Demica. It enables FCI members to start, deploy and participate in reverse factoring programs on their own or as part of a community.
FCIreverse is a flexible product:
- it can be used for domestic transactions through support from an FCI member (3-corner model).
- it can be used for cross-border transactions.
- it works internationally with foreign correspondents for supplier on-boarding (4-corner model).
For accounting analysis and description of the model, you may follow the link here (only available to member).
For a complete introduction to the four-corner model, you can read the explanation on Demica website here.