As emerging technologies continue to take hold, there is a clear need to implement systems that make it easier to manage and exchange digital assets – including those relating to trade finance.
Over the past decade, supply chain finance has gained in popularity. Despite this, the solution has remained relatively opaque to the many in the financial community.
Banks and financial institutions of all sizes are jumping on the digitization wave after witnessing the value that digital solutions provide.
LiquidX’s digitization technology’s digitization engine automatically reconciles chargebacks, rebates and other remittance advice to speed cash forecasting and application.
Managing credit and collections is difficult, but in the pharmaceutical industry, managing chargebacks and rebates adds an additional layer of complexity that other industries simply don’t have.
LiquidX’s digitization technology from LiquidX integrates with ERPs to bring turn-key digitization through the supply chain to optimize working capital.
LiquidX provides Bank of China London with digital AR and supply chain finance platform.
The Euromoney podcast series explores treasury’s digital future, including blockchain with LiquidX’s LiquidX’s digitization technology.
LiquidX’s digitization technology transforms working capital through digitization and connecting data to significantly reduce manual processes, cost, and complexity across the entire financial supply chain.
LiquidX posted insurance revenue growth of 600% based on strong uptake of its digital credit insurance technology.
“We are building an online digital network to connect people who need capital with people who have capital,” said Jim Toffey, LiquidX CEO.
Blockchain provides visibility and traceability in supply chains, and has the potential to provide significant support for Environmental, Social and Governance (ESG) efforts.