Supply chain finance (SCF) has emerged as a critical enabler for enhancing corporate liquidity, optimizing working capital, and strengthening resilience across global value chains. By leveraging innovative financing structures such as reverse factoring, dynamic discounting, asset-backed securitization, and blockchain-enabled platforms, firms are able to reduce capital costs, mitigate counterparty risk, and unlock trapped liquidity. This review synthesizes global best practices in SCF, drawing insights from both developed and emerging markets to highlight the evolving role of technology, regulatory frameworks, and strategic partnerships in shaping financing ecosystems. Particular emphasis is placed on how multinational corporations, financial institutions, and fintech providers are adopting collaborative models to align liquidity provision with supply chain stability. The paper further evaluates the impact of SCF on supplier empowerment, cost optimization, and overall corporate financial health. In addition, the review identifies challenges such as regulatory inconsistencies, credit risk allocation, and technology adoption barriers that may hinder scalability. Ultimately, this study provides a structured framework of best practices that can guide policymakers, businesses, and financial intermediaries in designing robust SCF structures to maximize working capital efficiency while supporting sustainable supply chain growth.