By eBiashara Africa
Jan 13 2021
KCB SCF Solution Implementation
KCB Bank Group had been offering Supply Chain Financing products through its Trade Finance department for many years. However, customers SCF requests were mainly processed manually and thus took long, were prone to human errors and could not be offered in large scale. KCB bank was looking for a partner to enhance its supply chain financing offerings by automating its products offer to a larger scale.
eBiashara offered a full-fledged platform that automated all SCF processes; right from customer onboarding to financing collections. The solution implementation scope included business analysis, process design, infrastructure planning, deployment, training and support.
With the system, KCB was able to cut invoicing discounting and financing from weeks to minutes. The bank was also able to significantly increase its non-funded income by 10% through this solution.
Arronax is a fintech startup with challenges that are common to most young dynamic technology companies. While they wanted to develop and take their products to the market fast.