Deutsche Bank rolls out new supply chain tools

The new service allows clients to leverage their accounts payables to gain additional liquidity.
Deutsche Bank has announced the launch of an integrated range of financial supply chain management solutions in Asia. With Deutsche BankÆs end-to-end solutions, clients will have access to commercial and financial information throughout their financial supply chains. Deutsche Bank said in a statement that clients will benefit from streamlined processes, reduced business risks, better liquidity and greater visibility and control over their cash flows.

Marilyn Spearing, global head of trade finance and cash management corporates, says: ôDeutsche BankÆs 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 BankÆs new solutions range, we facilitate the global financial supply chain by providing our clients with the necessary tools and information to optimise their working capital.ö

At the forefront of Deutsche BankÆs suite of solutions is db-eBills, 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 to provide selected suppliers with attractive funding in return for more competitive pricing and terms.

In addition, Deutsche BankÆs integrated range of financial supply chain management solutions also features a newly developed fully automated accounts receivables reconciliation interface. The flexible format and independent interface will help Deutsche BankÆs clients to accelerate their collection cycle thereby improving liquidity.

Deutsche Bank said in a statement that the interface also posts information pertaining to the matched accounts receivables and incoming payments directly into the clientÆs back office.

Thomas DuCharme, head of global transaction banking, Asia-Pacific ex-Japan, says: ôThe 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.ö
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