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| Case A: Receivables Financing System - Seller Centric |
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Invoice / Accounts Receivable Financing System (Seller Centric)
The challenge for our client a global financial institution (FI) was to
provide a system for a Fortune 500 multinational toy manufacturer present in
4 continents. The corporate client was experiencing increasing cost due to
multiple bank relationships through its affiliates, inefficiencies caused by
disparate local systems compounding the problem; The corporate enterprise
decided to implement a Shared Service Centre (SSC) in partnership with our
client and created a new revenue stream for a Financial Services Firm (FSF).
Solution
Equipping the Corporate client with Premium
Technology’s Invoice / Accounts Receivable Financing System enabled the
automation of the entire payables process from the creation of purchase orders
and receipt of invoices, to handling disputes and submitting payments online
for 19 countries. The FI secured a long lasting multinational relationship,
became pioneers in providing web enabled services online for European affiliates
of American conglomerates.
Premium Technology's Invoice / Accounts
Receivable Financing System will:
- Operate via a secure web user interface as an in-house or hosted solution, using
state of the art encryption techniques and tools to protect your information
- Automate credit and risk controls and monitors activities with full audit trail and document
availability
- Provide a breadth of functionality which includes event triggers providing notifications
regarding credit limits, reserve availability, rate & fee flexibility and
much, much more
- Multiple file formats reception and dispatches
- Channel e-payments
- Provide a flexible, scalable solution that can be easily implemented either as a stand alone, in
conjuction with other Premium SCF modules for a complete end to end solution.
The invoice /AR financing system draws together important financial sector
services and incorporates reliable document transmission alternatives. It also
provides secure and effective system availability (and interfaces with your core
system, if so requested), while enabling the interaction between the Seller, the
Buyer, the financiers, i.e. banks and other financing organizations, insurance
document trails and reminders , third party information resources – Credit Bureaus,
Logistics, etc.. Corporate treasurers and CFO’s highly appreciate the benefits to
DSO’s and working capital improvements.
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| Design Tools: |
Microsoft Visio, UML, VSS, WSAD |
| Technologies: |
J2EE, EJB, Servlet, JSP, XML, XSLT, JMS, JDBC, HTML, JavaScript, LDAP, SWIFT, Applets, CSS |
| Middleware: |
MQSeries, DB2 Connector |
| Application Servers : |
WebSphere |
| Database: |
Oracle, DB2 |
| Security: |
SiteMinder Policy Server, Vasco Token |
| Third Party : |
Adobe PDF and FDF libraries |
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