Manufacturing Exporters: Pay Singapore Suppliers Fast
UK manufacturers exporting goods to international customers and distributors Send SGD payments to Singapore suppliers with t+0 (2.3s avg within unicorn network). Save 80% vs traditional banks.
Save £2,025 per £100k Payment
Typical savings for Manufacturing Exporters paying Singapore suppliers
- ❌ 2-3 day settlement
- ❌ Hidden FX margins
- ❌ High correspondent bank fees
- ❌ Manual compliance checks
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Transparent pricing
- ✓ PayNow Corporate available
- ✓ 0.14s automated compliance
At £500k-£5M monthly volume, save £24,300/year
Common Challenges: Manufacturing Exporters in Singapore
Industry Pain Points
- Receiving payments in multiple currencies
- FX risk on export invoices
- Customer payment delays (Net 60-90)
- Currency conversion costs on receipts
Country-Specific Considerations
- MAS (Monetary Authority of Singapore) oversight
- GST (9%) documentation required
- UEN (Unique Entity Number) mandatory for all businesses
- Strict AML/CTF compliance (FATF Tier 1)
How Unicorn Solves Manufacturing Exporters Payment Challenges in Singapore
Fast Settlement: T+0 (2.3s avg within Unicorn network)
Use PayNow Corporate for instant SGD settlement.Instant business payments using company UEN, 24/7
Real-Time FX Exposure Tracking
Upload supplier invoices as PDFs. Our AI OCR extracts amounts and currencies. See exactly what waiting costs you in real-time. Lock rates for 15 seconds when you see a good rate.
0.14s Compliance Screening
Automated compliance checks for Singapore regulations.MAS (Monetary Authority of Singapore) oversight handled automatically.
Manufacturing Exporters Payment Profile
Understanding the payment dynamics of Manufacturing Exporters when paying Singapore suppliers
⏱ Payment Timing
Invoice on shipment, payment Net 30-60 (Europe), Net 60-90 (USA). Receive in EUR/USD, convert to GBP when favorable.
📄 Invoice Terms
Net 30-60 (European customers), Net 60-90 (US distributors), LC for new customers or large orders. 2% early payment discount common.
Invoice-driven with 30-90 day collection cycles. Seasonal depends on product. Q4 consumer goods, Q1/Q4 industrial equipment. Working capital gap.
📊 FX Risk Profile
HIGH: Quote in customer currency, receive 30-90 days later. EUR and USD exposure. GBP strength = lower receipts. Forward contracts recommended.
Customer relationships: distributors (volume), direct customers (margin). Long payment terms require credit assessment. LC for new relationships.
Common Documentation for Manufacturing Exporters
- Commercial Invoice (export)
- Packing List
- Certificate of Origin (for duty preferences)
- Export Declaration
- Bill of Lading/Airway Bill
Popular Singapore Supplier Types for Manufacturing Exporters
Common Singapore Suppliers
- Electronics manufacturers (Jurong, Ang Mo Kio)
- Petrochemical suppliers (Jurong Island)
- Precision engineering (Woodlands, Sembawang)
- Pharmaceutical companies (Tuas, Biopolis)
Payment Tips for Singapore
- Singapore = Asia's financial and tech hub, extremely efficient
- PayNow Corporate enables instant SGD payments without SWIFT fees
- English-speaking, business-friendly environment
- Strategic location for Southeast Asia supply chains
Ready to Pay Singapore Suppliers 80% Cheaper?
Join Manufacturing Exporters businesses saving £2,025 per £100k payment with t+0 (2.3s avg within unicorn network).
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