Fostering Inclusion, Fueling Growth: Empowering Diversity.
EMPOWERING SMALL BUSINESSES AND DIVERSE/SPECIAL SUPPLIERS.
At HOP, we are more than just a procurement and supply company. We Therefore created a supplier’s development, financing, and supply support platform TenderPlus which exist to create a Diverse and Inclusive Business Ecosystem where every participant has an Equal
Opportunity To Thrive and No Supplier is left behind. .
We specialize in procuring, supplying, and financing goods on behalf of MSME suppliers, AGPO qualified companies; women-owned businesses, and youth-led enterprises, helping them fulfill their contract obligations with governmental and private organizations effectively.
We understand that fulfilling tender contracts for these enterprises can be daunting due to lack of reliable suppliers, market knowledge, restrictive supplier/buyer payment terms, limited funds, importation, and minimum order quantity challenge.
That’s why we use a simple process to ensure supply reliability, provide access to competent suppliers, and offer financial support to our clients in fulfilling their contract obligations:
The Process
Step 01
Clients secure a tender contract and send a copy of the award letter / purchase order to HOP.
Step 02
HOP checks the buyer's credit rating and confirms or rejects comfort with it.
Step 03
Clients send the signed contract and/or purchase order to House of procurement.
Step 04
The buyer signs a Master Payment Agreement & an Irrevocable Payment Undertaking with HOP.
Step 05
The client assigns allor part of the contract receivables to HOP.
HOW DOES IT WORK ?
1
Registration and Document Upload on HOP:
2
Credit Risk Check and Contract Validation on HOP:
3
Procurement and Supply through HOP:
4
Delivery Confirmation on HOP
5
Invoice Discounting on HOP
HOP mitigates performance risk increasing the portion of spend to these special and diverse groups and provides a digital infrastructure to automate and manage these operations efficiently, offering convenience, transparency, consistent supply, and financial support through invoice discounting for the suppliers.
