TMBThanachart Bank goes live with iCashpro+, Aurionpro’s FSCM Solution

By Leandra Monteiro

Aurionpro Solutions Ltd announced that TMBThanachart Bank, one of the leading banks, in Thailand has gone live with iCashpro+, Aurionpro’s Financial Supply Chain Management (FSCM) solution which shall bring banks, suppliers and dealers on one platform. This FSCM solution will facilitate seamless invoice financing and EIPP (Invoice payment) between all the parties involved.

The Bank corporate activities earlier were handled by emails and file transfers, the iCashpro+ FSCM solution, will enable the Bank to create onboarding templates to onboard customers quickly. The corporate portal will also allow the users to access the portal 24 x 7 to perform various activities like Invoice entry/upload, Payment, Financing, user administration, report generation amongst other benefits.

The FSCM product will cater to the financing needs of all sectors like FMCG, Oil and gas etc. and all types of corporates (small, medium and large) while enabling the Bank to stay ahead in the market through the quick transaction life cycle that the product offers.

Phunsisth Poonpipat, Head of Supply Chain Structured Product, TMBThanachart Bank, Bangkok, Thailand said, “It is our mission that TMBThanachartbank or ttb will not only offer profound financial products but also efficient banking services to improve customer experience. We now serve more than 2,000 corporate clients and SMEs and 80 leading large sponsor companies, with around USD 2 Billion limit setup and USD 8 Billion transaction flow per annum through comprehensive platform. We also have clients in various industries such as oil and gas, food and beverage and construction materials industries. iCashpro+ FSCM allows TMBThanachart to achieve vigorous professional services and react with fast-paced demands in today’s business to grow our strategic customer portfolio. The solution helps us secure our position as one of the leading banks that truly improves corporate and SMEs clients’ Financial well-being in terms of both efficiency and sustainability through digital technology.”

Commenting on the successful implementation, Poonam Puthran, Senior Vice President, Aurionpro said, “iCashpro+ FSCM is a cutting edge solution that can help corporates optimise working capital, maximise profitability and minimise costs while enhancing the relationship with suppliers and/or dealers. Our product’s real-time interfaces allow data fetch from the core and relevant systems seamlessly while maximising the automation of processes. Now, TMBThanachart Bank equipped with FSCM solutions can set itself apart from the competition to win more corporate clients and boost market share.”