Tasconnect
Stories (21/0)
Integrating Financial Services into Non-Financial Products and Services
The integration of financial services into non-financial products and services has emerged as a powerful trend in recent years. This transformative approach enables companies to provide customers with a seamless and convenient experience while creating new revenue opportunities.
By Tasconnect9 months ago in Journal
The Benefits of Receivables Financing for Supply Chain Management
Managing cash flow is crucial for businesses, especially those involved in supply chain finance management. Receivables financing, also known as invoice financing, has become a popular solution for businesses that need to maintain a steady cash flow. By selling their unpaid invoices to a third-party financial institution, businesses can access cash quickly. In this blog post, we will explore the benefits of receivables financing and how it can improve supply chain management.
By Tasconnect9 months ago in Journal
The Advantages of Trade Finance for Import and Export Businesses
Trade finance is an essential aspect of international business that provides import and export businesses with financial support for their transactions. With the rise of globalization and cross-border trade, trade finance has become an indispensable tool for businesses to navigate the complexities of the international market.
By Tasconnect10 months ago in Journal
Exploring the Advantages of Factoring in Supply Chain Finance
In the realm of business finance, supply chain finance is a relatively new concept. It involves managing the financial aspects of a supply chain by providing funding for suppliers at a reduced cost. Factoring, a subset of supply chain finance, has gained immense popularity in recent times due to its ability to unlock working capital by converting accounts receivables into immediate cash.
By Tasconnect10 months ago in Journal
The Role of Digital Trade in Revolutionizing Global Commerce
In the digital age, the internet has become an integral part of our lives. The growth of e-commerce has opened up a new world of opportunities for businesses of all sizes. As a result, digital trade has revolutionized global commerce by changing the way goods and services are bought and sold across borders. Digital trade has facilitated the growth of the global economy and helped businesses to expand their customer base, improve their efficiency, and reduce costs. In this article, we will look at this in detail.
By Tasconnect11 months ago in Journal
Exploring Embedded Finance: Banks' Shift Towards It and Its Implications for Trade Finance
Over the last few years, we have seen a significant transformation in the banking industry. With the emergence of new technologies and the increasing adoption of digitalization, banks are now exploring embedded finance, a new model of financial services.
By Tasconnect11 months ago in Journal
Digitize Documents, Data and Capital: The Urgency to Innovative Supply Chain Finance and Scalability
Digitization has become a key requirement for businesses to remain competitive and agile in the ever-evolving world of commerce. Supply chain finance, in particular, is an area where digitization is necessary to streamline operations and enhance scalability. This article will explore the urgency of digitizing documents, data, and capital in supply chain finance, the innovative solutions that are emerging, and the impact on businesses.
By Tasconnect12 months ago in Journal
Improving Supply Chain Visibility to Address Rising Costs, Volumes & Threats to Sustainable Growth
In today's fast-paced world, supply chain visibility has become essential for businesses to succeed. With rising costs, increasing volumes, and threats to sustainable growth, companies need to have a clear view of their supply chain to make informed decisions. In today's fast-paced and ever-changing business landscape, companies need to be able to quickly and effectively respond to disruptions and mitigate risks in their supply chains.
By Tasconnectabout a year ago in Journal
Transforming Supply chain process Data Capture with IDP
Data capture is the beginning for process automation, data analysis, and forecasting in accounts receivable. Unfortunately, accessing, opening, reading, and keying or copying and pasting information from a huge quantity of documents and sources into accounting systems has historically required a significant human effort by accounts receivable employees. Manual document processing is inefficient, error-prone, and expensive.
By Tasconnectabout a year ago in Journal
Unlocking the Benefits of Digital Trade Facilitation in Regional Agreements
Digital trade facilitation has become increasingly important in recent years, with the rise of e-commerce and the global shift towards digitalization. By utilizing digital technologies to facilitate trade, businesses can streamline their operations, reduce costs, and improve efficiency. In this blog post, we will explore the benefits of digital trade facilitation in regional agreements and how it can contribute to the growth of the global economy.
By Tasconnectabout a year ago in Journal
How the ICC is Setting the Standard: Driving a Digital Agenda for Trade?
If you are involved in trade finance, when you hear about the International Chamber of Commerce (ICC), you would associate the organization with issuance of rules. This is true to a great extent as the ICC have been in the business of ‘issuing rules’ since the 1930s, which was when the first version of Uniform Customs and Practice for Documentary Credits (UCP) started.
By Tasconnectabout a year ago in Journal
Supply chain finance gaining traction over documentary trade
There has been much concern over the years about the anticipated rise of supply chain financing at a rate faster than that of documentary trade. The CAGR for supply chain financing is predicted to surpass 25% between 2019 and 2024, compared to 1-2% for documentary business. Several signs happened before the global Covid epidemic. Because of the significant obstacles experienced and the options available, the pandemic has accelerated the speed of supply chain digitization and the use of supply chain financing. Notwithstanding the fact that documentary commerce accounts for more than half of global trade and supply chain financing turnover, we may confidently predict that it will coexist for some time.
By Tasconnectabout a year ago in Journal