This white paper from Valicert examines the drive by banks to integrate their payment and treasury management systems into the Financial Supply Chain of major corporations.
The Financial Supply Chain consists of the relationships and flows of information and currency between corporations and their suppliers, partners and financial institutions. Corporations around the world are looking to streamline their FSC processes – invoicing, payments, financing, settlement and reporting. They want to use secure Internet communications to replace tedious paper-based or proprietary electronic systems.
The Financial Supply Chain has traditionally relied on paper processes such as invoices, paper cheques, trade finance documents, spreadsheets and reports. Large banks and companies have implemented proprietary electronic systems to automate portions of these processes.
This paper discusses the Financial Supply Chain and how it can be optimized with secure Internet-based communications and automation. An optimal Financial Supply Chain can deliver billions of dollars in savings for corporations and allow banks to reduce costs, deepen relationships with large corporate customers and offer services to the extended trading communities of those customers.
To download the briefing paper, please click here