Emirates NBD, a leading bank in the Middle-East, North and Turkey region, has launched an online Supply Chain Financing Platform named smartSCF to offer its institutional and corporate clients automated tools and supply chain collaborations.
According to a press release on Monday, this digitization enables businesses to reduce transactional costs, all the while optimizing working capital and enhancing supply chain collaborations.
The platform smartSCF comprises first-of-its-kind digital supplier onboarding toolkit, customized generated reports, and data analytic tools for better program visibility for its clients.
Additionally, smartSCF offers clients the benefits from early payment of their invoices and better cashflow efficiencies.
In a statement, Ahmed Al Qassim, Senior Executive Vice President and Group head, Corporate and Institutional Banking at Emirates NBD, said that the innovative solutions will enhance the ease of doing business and support UAE’ drive towards digitalization in all spheres of business.
The smartSCF will deliver possibilities for corporate clients while optimizing their effective capital, he added.