Finastra, a leading global provider of financial software, has announced a strategic partnership with Credable, an innovative supply chain finance platform. This collaboration aims to offer a comprehensive supply chain finance solution tailored for banks around the world.
The partnership is set to enhance financial institutions’ capabilities in managing supply chain operations and liquidity. By integrating Credable’s advanced digital platform with Finastra’s robust financial technology, banks will gain access to an end-to-end supply chain finance offering. This solution will streamline processes, improve transparency, and optimize working capital management for businesses of all sizes.
Credable’s platform provides a range of features, including real-time visibility into supply chain transactions, automated credit assessments, and dynamic discounting options. These features are designed to address the common challenges faced by businesses and financial institutions in managing supply chain finance effectively.
Finastra’s Vice President of Strategic Partnerships, Laura Rodriguez, highlighted the importance of this partnership: “Our collaboration with Credable will enable banks to deliver more efficient and scalable supply chain finance solutions to their clients. This is crucial in today’s fast-paced and dynamic market environment.”
The joint solution is expected to benefit banks by expanding their product offerings and enhancing customer satisfaction. For businesses, it promises improved cash flow, reduced financing costs, and better control over their supply chain operations.
Overall, this partnership represents a significant step towards advancing supply chain finance and meeting the evolving needs of the global financial market.