by Vairavan Ramanathan, Head of Innovation and Mobile, Transaction Banking, Standard Chartered Bank and Amit Vyas, Director, Product Management, Transaction Banking, Standard Chartered Bank
Deep process-level integration between corporate clients and their banks enables straight-through reconciliation, facilitates informed decision-making based on the data available directly in the corporate ERP systems, and helps corporate clients maximise their ROI on ERP systems, according to Vairavan Ramanathan and Amit Vyas of Standard Chartered Bank.
As physical and financial supply chains always co-exist, streamlining and automating only one and not both will result in limited benefits.
In the past decade many companies have made significant investments in eliminating inefficiencies from their physical supply chains. Enterprise resource planning (ERP) applications have contributed significantly in streamlining the information flows and providing basic information to decision-makers.
The initial focus on centralising transaction processing to gain scale and reduce costs has delivered some expected benefits.