Full Supply Chain Finance automation with DOKA-NG™ & RIVO™
Need to scale-up fast to meet demand for invoice financing?
Improve processing power with digital solutions
Struggling to maintain visibility and control of open account credit lines?
Time to invest in an end-to-end supply chain finance solution
Is supply chain finance at the forefront of your growth strategy?
Optimize growth potential with faster response times
Market volatility is driving an increased demand for optimized working capital management and supply chain resilience. Financial institutions are under more pressure than ever to deliver value to their customers, to enable buyers and sellers across the globe to improve their free cash flow position and improve working capital for both sides.
Our full end-to-end supply chain finance solution allows banks to seamlessly automate the processing of supply chain finance transactions. From receiving the customer request via our real-time collaborative trade finance platform RIVO™, to measuring risk exposure and eligibility criteria in the back-office via DOKA-NG™, our solution provides a transparent, flexible and scalable means of enhancing your supply chain finance process.
Our comprehensive and configurable solution handles any volume of supply chain finance transactions, supporting seamless open API connectivity with your corporate clients’ ERP systems and the wider trade tech ecosystem. Enabling rich data exchange that lowers the verity risk, our scalable solution promotes real-time processing and decision-support for improved transaction efficiency, visibility and a superior customer service.
Key Benefits
- Scale-up transaction volume and drive growth
- Strengthen client satisfaction and loyalty
- Monitor credit risk exposure
- Improve liquidity and trade relations for your clients
- Gain competitive advantage
What is supply chain finance?
Supply chain finance is a win-win scenario where the supplier gets paid early from a third-party provider whilst the buyer maintains their original payment timeline. It’s designed to optimise the flow of capital between buyers and suppliers in a supply chain to reduce costs, improve cash flow, and enhance financial efficiency for everyone involved.
There are different forms of supply chain finance, including:
- Trade credit – buyers receive longer payment terms while suppliers get paid sooner.
- Invoice financing – suppliers get immediate cash by selling their invoices to a financier.
- Reverse factoring – suppliers get early payment from a bank or financier with the buyer paying at a later date.
Supply chain finance works when a supplier provides goods or services to a buyer, and an invoice is sent to the buyer for payment. The supplier, buyer, or both engage a financial institution to arrange early payment or extended payment terms. The financial institution pays the supplier early or managers the payment terms with the buyer repaying the institution at a later date.
Key Features
- Approved payables finance (Supply Chain Finance)
- Receivables finance
- Highly configurable fee set-up and invoice filtering
- Real-time corporate communication (i.e. notifications, fees, terms etc..)
- Customizable client dashboard or via bank’s own portal
- Multi-entity capabilities (multi-bank/corporate, multi-country, multi-branch, multi-currency)
- Advanced reporting
- Open API layer with pre-connected fintech hub
Our supply chain finance solutions
At Surecomp, our RIVO platform is designed to help financial institutions, corporate businesses, and fintechs manage and automate their supply chain finance processes. It’s a way to manage the flow of money and credit between buyers and suppliers to ensure smooth transactions and better cash flow. RIVO automates these processes, making it easier to monitor risks and provide a better service to clients.
Benefits of supply chain finance software
Supply chain finance software offers numerous benefits for both suppliers and buyers, improving the overall relationship.
- Business growth – supply chain finance software stabilises the supply chain making it easier for buyers to accommodate any increase in demand.
- Stronger relationships –enabling their suppliers to receive payment early, can lead to strengthened relationships.
- Increased efficiency – after the issuing of the invoice, suppliers can receive their payment within 24 hours.
- Cash management – suppliers can see a clear overview of upcoming payments without needing to wait past deadlines to receive payments.
Choose Surecomp for your supply chain finance solutions
At Surecomp, we’re dedicated to providing our clients with a comprehensive supply chain finance solution that encourages collaboration, builds strong business relationships, and improves reporting. We work driven by our core values: agility, humility, integrity, knowledge transfer, longevity, and performance. These values ensure the service we give our clients is unmatched. With years of experience and a wealth of knowledge, we can help you scale up and meet demand.
Frequently Asked Questions
RIVO automates the entire process, from receiving customer requests to processing transactions and managing risk. It provides real-time communication, advanced reporting, and seamless integration with existing systems, making supply chain finance more efficient and transparent.
Yes, our RIVO software can be customised to meet your needs. Users can add custom fields tailored to specific business needs, enabling tailored data capture and streamlined workflows. It also offers flexible deployment options such as cloud-based, hybrid, or on-premises solutions.
The setup process depends on the product and deployment model. For example, cloud based solutions like RIVO offered as SaaS can be implemented in under 10 weeks, offering a faster and more cost-effective setup than on-premise options.
Yes, you can book a demo by filling out the form below. A demo allows you to see how it works and how it can benefit your organisation.
Yes, RIVO supports multi-currency transactions, allowing you to manage supply change finance across different countries and regions seamlessly.