INTERNATIONAL BANKING GROUP MAKES A STATEMENT BY TRANSFORMING ITS SUPPLY CHAIN

Case Study

INTERNATIONAL BANKING GROUP MAKES A STATEMENT BY TRANSFORMING ITS SUPPLY CHAIN

The Challenge

A business unit of an international banking group that focuses on investing in disruptive financial technology needed a platform to enable suppliers to have the flexibility and transparency to manage their cash flow needs quickly. This platform would also facilitate an open market to multiple banks to get the best offer for invoice financing and increase transparency to all parties using the application.

The Solution

Ness designed and built a supply chain financial solution that automated processes for buyers and banks while improving transparency for its suppliers.

Ness leveraged the AWS Platform to host and support the solution, along with a multitude of AWS services, including AWS VPC, IAM, Roles; AWS ECS with Fargate; AWS Aurora with PostgreSQL; AWS API Gateway, WAF; AWS MQ; AWS CloudMap, Route53; AWS S3; AWS CloudFront; AWS SecretsManager; AWS CloudWatch; and AWS SES.

The Results

This automated end-to-end supply chain financial platform created multiple efficiencies resulting in less manual activity, increased transparency, and enhanced accessibility.

Buyers: A new profit-making application with top-up pricing, competitive analysis for participating banks, and program-level analytics regarding the repayment, the health of the program usage, and top suppliers participating in it.

Banks: The ability to perform program level self-performance analysis and decrease the chances of rejection.

Suppliers: An easily available option for financing when required, transparency when tracking the status for all the approved invoices, and best offer/pricing for financing.