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
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.
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.
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
Basic Edition
Contains external data retrieval, data storage and consulting service
Supplier financing amount >1M requires USD 500, others by request.
- Has prerequisite
Contains external data retrieval, data storage and consulting service
Supplier financing amount >1M requires USD 500, others by request.
