Deutsche Bank has added a supply chain finance app to its Autobahn App Market.
The Financial Supply Chain Manager is an app with multi-currency and multilingual capabilities that enables clients to access receivables finance and supplier finance solutions via one central access point. Supply chain finance (SCF) has continued to exhibit strong growth in the last two years, according to latest research from Demica, which reveals average annual SCF growth rates between 30% and 40% at major international banks.The SCF market - in which transaction banks provide top corporates with short-term financing to pay suppliers - is expected to continue to expand strongly to the end of the decade.
Deutsche Bank's financial supply chain services contribute towards better working capital management and liquidity generation, says the bank, lowering costs and increasing transparency. The app can be integrated with a client's ERP system for electronic data transmission. The app market model for customising functionality on the Autobahn electronic distribution platform was launched to clients in September 2012.
More then 165 apps are now available on the platform, comprising redesigns of existing electronic services and a range of new apps.
Rick Striano, global head of product management, trade & financial supply chain at Deutsche Bank, says: "By making our industry-leading financial supply chain solutions accessible through Deutsche Bank's Autobahn App Market, our clients will enjoy unprecedented ease of access and usability, not only to our receivables and payables finance solutions, but also to many other Deutsche Bank products and services."