Targeting Corporate Customers, UOB Launches UOB Infinity

UOB Infinity FSCM (Photo: Maria Trisnawati/VOI)

JAKARTA - UOB Indonesia launched financial supply chain management (FSCM) on the UOB Infinity platform.

Through this feature, corporate clients can enjoy new financial supply chain management capabilities and get a comprehensive set of solutions, from procurement to payment, ordering, to production, sales and collection in one single platform.

"The FSCM feature at UOB Infinity will help increase business efficiency by enabling secure digital transmission and verification of trade documents," said Head of Transaction Banking UOB Indonesia, W Kartyono at the launch of FSCM UOB Infinity, at UOB Plaza, September 25.

He added, through this feature customers can also make financing requests on one single platform.

UOB Infinity's new FSCM capabilities will enhance and complement existing cash management solutions to make it easier for businesses to review, plan and manage working capital across the trade cycle from payments to collections.

"This feature will also enable corporate clients to connect digitally with suppliers, buyers, and distributors in key markets in ASEAN and Greater China," added Kartyono.

He further added that customers can also have quick access to financing at various stages of the supply chain, from supplier financing before shipment to post-shipment, distributor financing, and receivables settlement.

"Most importantly, customers will get full visibility and control over cash, trade, and FSCM transactions through one platform with one login," he said.

Not only that, the extended capabilities of FSCM at UOB Infinity enable customers to digitize their supply chain ecosystem by connecting suppliers and distributors digitally, enabling customers to gain real-time insights and a holistic view of finances so they can manage working capital and receivables to help reduce costs and improve efficiency.

Just so you know, Indonesia is the fourth country that has FSCM capability at UOB Infinity after Singapore, Hong Kong, and Malaysia. Furthermore, this regional capability will be rolled out to other regional markets in ASEAN and Greater China.

On the same occasion, Head of Group Transaction Banking UOB So Lay Hua said, FSCM UOB Infinity allows clients to connect digitally with their trading partner ecosystem from upstream to downstream, as well as simplifying management of trade document exchange, providing access to working capital, and managing collection risk in one single platform.

"With the progressive rollout of regionally consistent capabilities across core markets, our regional customers can have greater oversight of supplier and distributor interactions, FSCM financing requirements, and control over domestic and regional FSCM programs with UOB across these locations through a single view," concluded So Lay Hua.