Modenas, IFS Capital partner in supply chain financing for vendors

SHAH ALAM: Motosikal Dan Enjin Nasional Sdn Bhd (Modenas), a subsidiary of DRB-HICOM Bhd, and IFS Capital (Malaysia) Sdn Bhd have entered into a strategic partnership to provide financial flexibility to Modenas vendors through the latter’s Supply Chain Financing programme.

Called the SupplyLink Accord, the partnership will see the vendors enjoy:

- Early Payment Option: Vendors and suppliers gain access to funds ahead of the traditional payment cycle.
- Streamlined Process: Simplified invoice approval and digitalised payment procedures for quicker transactions.
- Enhanced Financial Flexibility: Immediate cash flow support for effective working capital management.
- Easy Access: An online portal available 24-hours, seven days a week, from any location.
- Digitalised Transactions: Streamlined, paperless processes.
- No New Bank Account Required: No need for additional accounts.
- Transparent Costs: Pay-as-you-use, with no hidden fees.

Roslan Roskan, CEO of Modenas, said during the signing ceremony, “As Malaysia’s national motorcycle brand, it is part of Modenas’ mission to provide support to our network of suppliers. Early payment options will ensure that our supply chain operates at peak efficiency. Moreover, helping local small businesses manage their cash flow is essential.”

“We are thrilled to partner with Modenas to introduce this innovative financing solution,” said Ab Razak Khalil, CEO of IFS Capital.

“Our program is designed to create a more agile and responsive supply chain, driving growth and sustainability for all parties involved.”

By enhancing financial flexibility, the Supply Chain Financing programme strengthens the supply chain, and fosters business resilience.

The programme sets a new benchmark in the industry, aligning with the growing trend of financial solutions supporting dynamic business needs across Malaysia and the Asean region.