Supply chain finance platform Taulia has partnered with Virginian tech-firm Exostar to provide supply chain finance to the aerospace and defence sector.
Companies in the industry are said to be looking to bolster their balance sheets by increasing payment terms from 30 days to 120 days. This increase would have significant impact on the cash flow of smaller suppliers.
Exostar software is a supply chain management tool used in highly-regulated industries such as aerospace and defence, healthcare and life sciences to help mitigate risk and tighten identity security.
The Taulia platform will be made available through that portal, enabling suppliers to get access to funds quickly while providing buyers with surety of supply as they optimise their working capital.