Fintech Skyscend provides trade financing to Kifcure, a leading Chicago-based total hemp solution company

Skyscend Kifcure

Kifcure to improve cash flow for itself and its suppliers through purchase order financing and supply chain financing using Skyscend Pay and Skyscend Capital.

ATLANTA, GEORGIA, USA, July 5, 2022 /EINPresswire.com/ – Skyscend Inc. and Kifcure, LLC, an industry-leading total hemp solutions company, announced their partnership today. Kifcure is piloting Skyscend’s SaaS platform to automate and transform global Supplier Management, a first of its kind for the hemp industry. This agricultural and manufacturing sector of the US economy has been very limited in access to capital since the landmark 2018 Farm Bill which legalized the cultivation and processing of industrial hemp. Now, based on Skyscend’s flagship SaaS product suite, Skyscend Pay, designed to lower costs and better support the global supply chain, Kifcure is leading the industry in smart solutions to systemic operational problems.

The new SaaS Supply Chain Solution focuses on improving the supplier’s incoming and outgoing data and communication by providing real-time information 24/7. In addition, the system allows suppliers to secure financing for purchase orders or accept early payment of approved invoices; thereby improving their cash flow.

The new business processes will free Kifcure AP employees from having to manage daily emails, phone calls and faxes from their valued suppliers who want updates on order status, invoice processing and payment. Instead, suppliers are now authorized to perform the desired and necessary functions to support Kifcure in a professional, timely and competitive manner.

With this transformation, all direct and indirect suppliers of Kifcure, LLC will interact through the Skyscend Pay portal, and in addition to viewing their account with Kifcure, LLC, all paper and pdf invoices submitted by suppliers will be eliminated. “The new strategic initiative gives Kifcure the opportunity to include suppliers of all sizes, as well as the flexibility to provide early financing to our suppliers in the form of PO financing as well as Supply Chain Finance. By using Skyscend’s platform and capital, we get added liquidity in our supply chain, says Jarett Burke, CEO, Kifcure, LLC.

“We are very pleased to partner with Kifcure to offer a solution that will revolutionize the hemp industry. Skyscend’s technology and capital provide unmatched value to Kifcure and its suppliers. This strategic alliance enables us to deliver on our mission to make global supply chains simple, seamless. and transparency by offering cost-effective just-in-time financing options to businesses, says Chaya Gangadarappa, President of Skyscned Inc.

About Kifcure, LLC

Kifcure was founded in Chicago with a mission to extract and supply only the highest quality cannabinoids in premium products, and brings together a fantastic selection of brands for the CBD area. Kifcure believes that quality is the key above all else. They practice this commitment in all aspects of their business, from soil to oil, and beyond with a wide range of product options available. From sustainable packaging to locally grown ingredients, the company aims to lift local communities from the ground up. All Kifcure products are made in the USA. This brand represents an unsurpassed respect for this incredible plant and a relentless commitment to raise standards and education in the green space.

About Skyscend

Headquartered in Atlanta, GA, Skyscend Inc. is a pure SaaS FinTech company offering trade finance and invoice-to-payment automation services. It simplifies supplier chain collaboration by offering a secure, intuitive, transparent and seamless platform that unites the buyer, the supplier and the financial institutions. It offers transformative services that enable customers to register, manage, finance and pay their valued suppliers. Skyscend Pay, the SaaS platform, integrates with all popular ERPs, Source-to-Pay systems and accounting tools. It enables indirect and direct suppliers to be on board, see the status of supply chain transactions, submit invoices and finance accounts receivable all via a self-service model for the supplier.

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