UOB Infinity rolls out new financial supply chain management services
The features will be rolled out to clients outside of Singapore, Hong Kong at a later stage.
UOB Infinity customers can look forward to new financial supply chain management capabilities (FSCM) in the platform.
In a press release, UOB said that they are rolling out a full range of solutions from procurement to payment, ordering to production, and finally sales production to clients in Singapore and Hong Kong.
The FSCM features will allow clients and their key trade counter parties to interact with each other to exchange and validate trade documents, in order to provide evidence of sales fulfilment.
Clients can also now more easily access financing at different stages of the supply chain ranging from pre-shipment to post-shipment supplier financing, distributor financing and accounts receivable purchasing.
The features will be rolled out to clients in other countries at a later stage.
UOB Infinity was first launched in September 2020, and has since been offering cash management solutions to send and receive payments across all their local and overseas UOB accounts.