GAUGING THE MARKET and transparency to every link in the transaction chain . With improvements to accounts payable comes enhanced cash flow and liquidity management . Elimination of payment inefficiencies carries over into factories and warehouses , allowing faster delivery for end-customers , more efficient inventory management , modernisation of supply chains and the freedom to unlock working capital to conduct business more efficiently .
Acting on insights
With better visibility , businesses can take advantage of tailored services such as micro business loans that match the information on incoming and outgoing payments , outstanding invoices , or seasonal sales trends and potential charges for corporate customers for late payments . They can also proactively address liquidity gaps through bridging loans , giving corporations better control over banking costs .
Using data analysis to identify supply chains and trade corridors gives financial institutions the opportunity to customise the products they offer to corporations or to connect them to selected partners that may be able to serve them better . One example of this is factoring . SEB and , Swedish FinTech firm , Capcito use APIs to connect with one other to offer financing to corporate customers based on outstanding invoices .
Greater coverage
SMEs are often underserved in the corporate banking world due to the high costs associated with serving them . This is because data collation and analysis have traditionally been a manual process for smaller businesses . Real-time payments
RfP is also open to SMEs through scalable , automated services offered by banks .
will allow SMEs improved access to services and help banks by giving them access to new sources of revenue through new and innovative use cases .
As the global reach of real-time payments expands , so will the opportunities for banks , and other FSI-associated organisations to add value . Together with other digital payment trends such as Open Banking , modern data standards and mobile wallets , a whole new set of impactful use cases are now possible . � www . intelligentfin . tech
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