Choose early payment program for digital transformation
Buyers can easily use SAP BTP platform to collect SAP ERP payment data and transmit it to bank through the blockchain network which is hard to be manipulated. Compared with other funding providers of financial institution, we provide a more complete and faster procedure of implementation.
Overview
Gain opportunities to create more discounted spreads
Compared with CTBC Bank’s corporate clients who adopted reverse factoring in the past, corporate clients who adopt Early Payment Program participated in an average of 5 times more suppliers, and the transaction amount was 7 times higher. And by automating, a forty-five percent reduction in operating costs to allow suppliers to obtain lower interest rates or create more discounted spreads for buyers.
Replace the traditional paper submission and improve efficiency
CTBC Bank directly obtains the most authentic information from SAP ERP, we can automatically compare the information and complete the various operation procedures required for payment, greatly reducing the working hours of operators and reducing errors.
Reduce time and labor costs by using our suite
Through the digital solution, the buyer customers can reduce the operating cost by about eighty-five percent. At the same time, CTBC Bank adopts the SaaS model as our software solution, the buyer customers do not need to invest a lot of cost to implement it but pay the usage fee to the bank according to the transaction volume after adoption.
Details
Solution type
APIs and Technical Components
Industry
Cross-Industry, Retail, Banking, High Tech
Compatibility
Works with
Features
Integrate with the customer's SAP ERP for conducting bank transactions
By installing the ERP plug-in tool, users can seamlessly execute all transaction processes within their company's ERP system. This integration simplifies operations, enhances efficiency, and ensures that all aspects of the company's workflows are managed within a unified platform.
Automate SAP ERP operations, reducing breakpoints and customizing for each bank
By sending transaction data back to the supply chain system, the system automatically adjusts accounts, reducing the risk of errors. This automation ensures accuracy in financial records and streamlines the accounting process, enhancing overall efficiency and reliability in managing transactions.
Secure customer data with advanced encryption and blockchain methods
By adopting financial-level information security technology and distributed ledger protection, transactions are safeguarded against hacking and data leaks. This robust approach guarantees the integrity and confidentiality of transaction data, providing a reliable and safe transactional ecosystem.
Plans and pricing
All plans include:
- Contains external data retrieval, data storage and consulting service
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- Supplier financing amount >1M requires USD 500, others by request.
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Technical Information
Technical details
| Solution type | APIs and Technical Components |
| Category | Integration |
| Industry | Cross-Industry, Retail, Banking, High Tech |
| Works with |
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Deployment and operations
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Deployment |
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| Globalization |
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| Operations |
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Security and compliance
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Security |
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| Compliance |
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| Privacy policy |
SAP's privacy policy is not applicable to the use of this app. Please refer to the privacy policy provided by this app's partner. |
Resources
Innovative Thinking of Digital Transformation
Web Solution for SAP
Automated Data Collection with Customized Service
Publisher
SOE Technology Inc.
Founded in 2002, Soetek focuses on business process reengineering and operational optimization, using SAP as its core platform. Serving diverse industries like automotive, electronics, and chemicals, Soetek offers ERP implementation and custom development, delivering tailored, efficient solutions for seamless data integration.
More solutions provided by SOE Technology Inc.
products
2002000877