The Newest Addition
Bank of America is the newest Banking Partner in P&G’s Supply Chain Financing program!
We are pleased to have been able to offer our EBPs a world-class Supply Chain Financing (SCF) solution for the past 8 years, especially over the past 18 months when the importance of access to low-cost working capital has been magnified. With more than 2,000 suppliers and over $14 Billion in throughput, our SCF program has generated more than $4 billion of incremental cash flow for our EBPs. This helps our partners operate their businesses more sustainably, and better meet a variety of needs, from capital investment to payroll expense.
With that said, as of June 1st, 2021, Bank of America became an official SCF banking partner to P&G, joining our existing SCF banking community that includes Citibank, JP Morgan, and Deutsche Bank. We are excited to welcome Bank of America to P&G’s Cash Acceleration Program as we drive sustainability and resiliency across both P&G and our external business partners. You can learn more at Bank of America’s site or by contacting your buyer.