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FasterCash

FasterCash

Source: MPI Europe

MPI Europe explains the FasterCash initiative from Intel, an electronic alternative to paper-based supply chain processes.

Intel has drawn together an ecosystem of consortium partners to deliver the FasterCash solution, based on the following goals:
  • Connecting the physical and financial supply chain
  • anyplace, anytime, anywhere electronic access to supply chain processing
  • reducing the inefficiencies in time and cost and risk exposures of current processes
  • combining innovation and the intelligent reuse of existing components and standards
  • provide more timely and more efficient access to market leading financing
  • redefine and thereby streamline commercial processes
  • promote standards, interoperability and integration of electronic trade data

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