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IBSFINtech, India’s leading TreasuryTech solutions provider for corporates, has extended its product offerings with the launch of VNDZY, an integrated SaaS solution for Supply Chain Finance.
IBSFINtech is a globally renowned treasury, risk, and trade finance management enterprise that provides digitized solutions for end-to-end automation of the corporates’ cash flow, liquidity, treasury, risk, and trade finance functions.
Powered by AI, SaaS platform VNDZY offers a connected ecosystem for Corporations, Suppliers, and Financial Institutions, creating a win-win solution backed by cutting-edge technologies.
VNDZY (stands for 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, it facilitates centralized management of vendor payments, optimizing 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.
Speaking on the launch, IBSFINtech MD and CEO, CM Grover said, “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 digitization, automating the supply chain function has always been part of our strategic vision.”
“Therefore, 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. 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,” Grover added.
Through this solution, IBSFINtech integrates multiple disparate teams within the organization, connects the vendors, gets the Financial Institutions on board, brings them all onto one platform, and ensures the entire supply chain process becomes completely digitized. The company plans to launch more products in the segment, catering to Dealer Finance and PO Finance, to facilitate the end-to-end digitization of the SCF ecosystem.