Veefin offers a comprehensive and configurable Supply Chain Finance (SCF) Loan Management System (LMS) designed to be the central platform for all parties involved in the financial supply chain. This platform integrates seamlessly with Automated Core Banking System Accounting, providing a robust solution for immediate financing needs. It addresses the challenges of traditional supply chain financing by introducing dynamic risk assessment, extensive automation, and customizable program structures. The system employs advanced risk assessment algorithms to evaluate creditworthiness and identify potential risks associated with borrowers and transactions in real-time. By eliminating time-consuming manual interventions, Veefin ensures that invoices move swiftly through approval and financing processes, making the entire journey faster and more efficient for lenders, corporates (anchors), suppliers, and dealers. The platform empowers users to create tailored SCF programs, adapting to the dynamic requirements of corporate clients by allowing customization of fees, charges, and parameters. It supports a wide array of SCF product structures, from receivable purchase-based financing to various loan-based options, providing flexibility and comprehensive coverage for diverse financial needs across the value chain.

Features & Benefits

• Configurable SCF Platform
  • A configurable Supply Chain Finance (SCF) Loan Management System (LMS) providing access to all parties and integrating with Automated Core Banking System Accounting.
• Dynamic Risk Assessment and Monitoring
  • Employs advanced algorithms and real-time data analytics to evaluate creditworthiness, identify potential risks associated with borrowers and transactions, and proactively address them.
• Customizable SCF Programs
  • Empowers users to create tailored SCF programs, adapting to dynamic corporate client requirements by customizing fees, charges, and parameters.
• Automated Invoice Approval & Financing
  • Features robust automation for auto-approval and auto-financing, ensuring swift invoice processing and eliminating time-consuming manual interventions.
• Effortless Lender Financing
  • Simplifies the financing journey for lenders, allowing them to finance invoices with minimal manual touchpoints and accelerating the process.
• Holistic Views for Supply Chain Participants
  • Provides tailored interfaces and comprehensive visibility for different roles within the supply chain.
• Anchor (Corporates):
  • Offers a holistic Procurement and Seller View for in-depth visibility of the financial value chain, enabling creation of purchase orders, invoices, and consolidated overviews of outstandings and pipeline requests.
• Supplier:
  • Provides a digital, intuitive interface for securely uploading invoices, requesting financing, and tracking the status of all requests and outstanding invoices.
• Dealer:
  • Grants visibility of invoices raised by the Anchor, a "Request Finance" button, and in-depth visibility of all financing done for transparency.
• Comprehensive Transaction Management Suite
  • Supports a wide array of Supply Chain Finance product structures, catering to diverse financing needs.
• Receivable Purchase Based:
  • Receivable Discounting, Forfaiting, Factoring, Payable Financing (Reverse Factoring, Supplier Finance, Dynamic Discounting).
• Loan Based:
  • Loan Against Receivables, Distributor Finance, Purchase Order Finance, Inventory Finance.
• Personalized BI Analytics & Reporting
  • Features an SCF BI Analytics tool for creating user-specific, customizable, and interactive reports for all parties (Anchor, Suppliers, Dealers).
  • Create customizable reports for various timelines.
  • Authorized users can export reports in PDF, Excel, JPEG, and PNG formats.