NEC APAC & TASConnect to offer working capital management solutions to SMEs

By Gloria Mathias

NEC Asia Pacific (NEC APAC), the regional headquarters of NEC Corporation in Southeast Asia, has signed an agreement with TASConnect, a wholly owned subsidiary of SC Ventures Holdings, Standard Chartered’s innovation, FinTech, investment and ventures arm.

The partnership aims to develop a joint technology solution that seeks to revolutionize the way organizations measure, monitor, manage and enhance financial performance, ultimately driving sustainable growth and improving their organization’s working capital efficiency.

NEC APAC is a single-window visualisation of crucial financial health metrics, enabling organizations to gain real-time insights into their organization’s financial performance. Organizations will have the ability to compare their organization’s financial performance against industry benchmarks, facilitating a deeper understanding of their competitive standing. Most importantly, organizations will receive actionable recommendations tailored to each organization’s unique situation, facilitating the improvement of financial metrics and overall operational efficiency.

TASConnect enhances the scalability, efficiency and transparency of enterprise value chain finance programs, particularly in accounts payable (AP) and accounts receivable (AR). Organizations can realise a scalable and seamless expansion in their finance programs, which is achieved through better access to diversified liquidity sources, connection to multi-parties, better value chain data analytics and the automation of complex workflows. The platform also enables improved yields of trapped or idle treasury cash – a critical aspect of working capital management.

Michio Kotegawa, Senior Vice President, NEC APAC, said, “We are thrilled about the potential impact of this collaboration with TASConnect. Through this partnership, we are equipping organizations with the tools they need to navigate the complexities of modern finance and drive sustainable growth.”

“We are bringing the best to our clients by partnering with the best in the industry,” said Kingshuk Ghoshal, Co-founder and CEO of TASConnect. “We are honoured to join hands with NEC Asia Pacific to deliver smarter business intelligence and comprehensive analytics to our clients for enhanced decision values.”