Supply Chain Financing

I think it's shifted back to a balance. I think in 2021 and through the early stages of 2022, the leverage was with the suppliers. So you actually saw payment terms go down a bit. And during that period of time where the suppliers were demanding earlier payment, I think the buyers that run supply chain finance programs or early payment were advantaged because they had the liquidity available. We're seeing new uses for supply chain finance where a lot of buyers would use tools for Supply Chain Finance or invoice discounting as part of an ESG initiative. The other thing that we see is convergence of supply chain finance as one’s secure to pay if you're a buyer or a supplier.