End to End Factoring and Supply Chain Finance Platform
STATE OF THE ART MATURE TECHNOLOGY
End to End solution for the Sales Finance industry, full supply chain finance and asset based lending platform, with built in workflow, advanced data analytics, bringing the trust and power of blockchain and IoT to the receivables finance sector.
RISK MANAGEMENT AND ANALYTICS FOR RECEIVABLES FINANCE
Multi dashboard Risk, Anti-fraud and Analytics system, tailored to the receivables industry. Using advance stochastic and data mining algorithms enables timely risk mitigation, early warning and behavioral analysis of your Sellers and Buyers
WORKFLOW FOR PROCESS DESIGN AND STREAMLINING
Comprehensive and parametrised workflow system based on the architecture of the workflow coalition (WfMC) reference model with its own administration graphical interface for workflow design. Fully integrated with Proxima+ Core, allows your business workflows of any complexity to be integrated within the platform.
With automatic code generation it is programming free, based on international standards, fully adaptable to accommodate from the simplest to the most complex business flow.
FOREIGN SYSTEM CONNECTOR TO "TALK" WITH EVERYBODY IN THE SUPPLY CHAIN
A full enterprise-level messaging system, which allows content to be communicated between disparate systems. supports a plethora of communication modules, so it can practically connect to any system that, one way or another, supports a public interface for software client applications to connect onto. It can extract receivables, payments from your seller or buyers accounting system.
Supports on-the-fly message encryption and/or compression, real time and non-real time message passing as well as many-to-many communication. It can support the communication needs of any enterprise-level system, including high-throughput transactional systems and is already part of our Sales Finance solution, handling all communication needs with 3rd party systems.
SAFE KEEPING OF ALL DOCUMENTS INCOMING AND OUTCOMING
Unlimited number of documents can be stored in Proxima+ DMS at any object, tagging them with user defined categories:
Documents that can be stored in Proxima+:
- User photo/signature on user level.
- Customer’s authorized person signature for verification purposes.
- Financial data and statements.
- Reports on visits/reviews/audits.
- Legal documents.
- Facility Application related documents and any on-boarding documents.
- Contracts and appendices.
- Scanned invoices (PDF with page splitting capability).
- Cheque images etc.
Scheduled automatic warnings/reminders can be generated and addressed to users, for the review/renewal of such stored documents.
INFUSE TRUST INTO THE DATA EXCHANGE OF RECEIVABLES FINANCE
Connect Supply Chain Finance participants and existing platform to Blockchain to enable the power and trust of Distributed Ledgers Technology (DLT) and smart contracts. We are the first to bring together a large breadth of receivable finance products with Blockchain and IoT technologies.
Using the Hyperledger technology under the Oracle Blockchain Cloud service, we enable our customers to harvest the latest technology of DLT with the backing of the market leaders.
"The technology most likely to change the next decade of business is not the social web, big data, the cloud, robotics, or even artificial intelligence. It’s the blockchain..."
—Harvard Business Review "The Impact of Blockchain Goes Beyond Financial Services," May 2016
LIMIT FLEXIBILITY TO THE MAXIMUM
Proxima+ is based on an efficient entity structure in order to allow the factor to increase operational speed, avoid duplicates and increase flexibility in treating suppliers in their relation with their buyers. Limits are defined in a hierarchical way from top-down.
Group limits are at the top, sellers have Funding Limit and Reserved Limit contracts (limit reserved for future relationships) and supplier contracts also have funding and temporary limits.
Buyers have Funding, Credit and Insurance Limit (derived from insurance contracts), Reverse Factoring Limit and Collection Limit plus corresponding temporary and reserved limits.
At Seller / Buyer Account level, we have, Funding, Credit Limit, Insurance Limit (derived from insurance contracts) plus temporary limits. For reverse accounts we can use automatic distribution of the reverse funding limit with respect to the Buyer reverse funding limit.
At Insurance Company level, we have Insurance Limits (for contracts with the Bank).
Finally at Factor level we have Credit Limits (used for Import Factoring, for payment under guarantee and full factoring).