What is supply chain finance?

STANDARD DEFINITIONS FOR TECHNIQUES IN SUPPLY CHAIN FINANCE
“Supply chain finance (SCF) is defined as the use of financing and risk mitigation practices and techniques to optimise the management of the working capital and liquidity invested in supply chain processes and transactions. SCF is typically applied to open account trade and is triggered by supply chain events. Visibility of underlying trade flows by the finance provider(s) is a necessary component of such financing arrangements which can be enabled by a technology platform.” (GSCFF, 2016)