Posted by Mumbai: IBSFINtech, a treasury tech solutions provider for corporates, has launched VNDZY – an integrated SaaS solution for supply chain finance. IBSFINtech provides digitised solutions for end-to-end automation of the corporates’ cash flow, liquidity, treasury, risk and trade finance functions.
VNDZY is an AI-powered SaaS solution that offers a connected ecosystem for corporations, suppliers and financial institutions by leveraging cutting-edge technologies.
Corporations struggle with multiple challenges, including onboarding multiple vendors, validating vendor credibility, managing multiple banks, manual payment processes, and integrating ERP and financial institutions.
While, suppliers struggle with manual communication and multiple follow-ups to get their payments released, with no visibility on the payment dates, sending out invoices manually and so on. This amplifies into struggles in maintaining liquidity to ensure business sustainability and affects scalability opportunities.
VNDZY (vendor management made easy) addresses all the challenges of the supply chain ecosystem and enables a mutually beneficial platform for all the stakeholders.
For Corporates (anchors), it facilitates centralised management of vendor payments, optimising the company’s working capital while helping to improve the financial health of their suppliers. It helps CFOs and treasurers add tremendous value to the business.
The platform also strengthens the suppliers, with benefits such as the clearance of payments duration is shorter, which helps improve financial discipline. Furthermore, suppliers get dynamic discounts, and VNDZY also enables direct negotiations with the corporates.
“Supply Chain Finance is a cumbersome process and pandemic has accelerated the need for technology adoption to augment the SCF ecosystem. With our holistic understanding and cross-industry experience of corporate treasury and trade finance digitisation, automating the supply chain function has always been part of our strategic vision,” said IBSFINtech MD and CEO CM Grover.
“We are delighted to launch our new cutting-edge technology product, VNDZY – a SaaS-based solution for Supply Chain Finance. We are continuously enhancing our established product portfolio in Treasury, Risk and Trade Finance management with the latest in technology,” added Grover.
“This year will witness the expansion of our portfolio with the launch of multiple products catering to the core corporate finance function as well as the peripheral areas,” commented Grover.