Deutsche Bank has launched an integrated range of financial supply chain management solutions in Asia. With Deutsche Bank’s end-to-end solutions, clients will have access to crucial commercial and financial information throughout their financial supply chains. In addition, clients will benefit from streamlined processes, reduced business risks, better liquidity and greater visibility and control over their cashflows, claims the bank.
Marilyn Spearing, global head of trade finance and cash management, corporates, says, “Deutsche Bank’s latest initiative has been developed to bridge performance gaps in the financial supply chains so that our clients will have access to integrated end-to-end solutions. With Deutsche Bank’s new solutions range, we facilitate the global financial supply chain by providing our clients with the necessary tools and information to optimize their working capital.”
At the forefront of Deutsche Bank’s suite of financial supply chain management solutions is dbeBills, a single electronic platform delivering a full range of payments and financing services linked with electronic invoicing. This is complemented by db-SupplierFinance, a service that enables clients with the provision of attractive funding to their selected suppliers in return for more competitive pricing and terms.
In addition, Deutsche Bank’s integrated range of financial supply chain management solutions also features a newly developed and Asia’s first fully automated accounts receivables reconciliation interface. The highly flexible and format independent interface will help Deutsche Bank’s clients to accelerate their collection cycle thereby improving liquidity. The interface takes automation a step further by posting information pertaining to the matched accounts receivables and incoming payments directly into the client’s back office.
Thomas DuCharme, head of global transaction banking, Asia Pacific excluding Japan, says, “The distinction between the global physical and financial supply chains has become less apparent and banks will have to offer solutions that integrate cash management and trade finance elements. As Asia has become an essential trading partner with the rest of the world, Deutsche Bank has combined the best of its local practices and global expertise to provide clients with comprehensive and flexible solutions to meet their individual requirements across the entire financial supply chain and region.”