Traditionally procurement, supply chain, distribution and finance functions work in isolation, this joint solution will streamline processes, enable various functions to work together, reduce costs and drive business growth for corporations.
Vietnam, 8 August 2024 — TASConnect and Atalink have announced a strategic partnership to launch an innovative, integrated enterprise solution. This collaboration aims to revolutionise how organisations handle their procure-to-pay (P2P) processes and financing operations to drive business growth.
The need for streamlined financial operations is paramount as businesses navigate through uncertain market conditions, including rising interest rates, inflationary pressures, and supply chain fragmentation. While procurement and supply chain leaders want to mitigate supply chain risk and build supplier loyalty, Chief Financial Officers need to deliver on the bottom line and working capital related metrics. The joint solution from TASConnect and Atalink directly addresses these challenges by bridging the gap between traditionally siloed P2P and financing systems.
“In today’s fast-paced business environment, enterprises require real-time visibility and control over their entire supply chain and financial ecosystem,” said Eric Lai, CEO of Atalink. “Our partnership with TASConnect enables us to offer a comprehensive solution that enables all enterprise stakeholders to work together towards a common set of objectives.”
Key features of the integrated platform include:
- Real-time cash flow visibility
- Comprehensive financial solutions to suppliers, buyers and distributors through digital platform
- Automated data reconciliation and reporting
- Enhanced risk management tools
- Streamlined reporting requirements
The solution is timely as organisations seek to optimise working capital and improve liquidity management in the face of economic headwinds. By unifying P2P and financing processes, companies can achieve greater agility in their financial operations, leading to improved cash forecasting and more strategic financial planning.
Sujay SK, Co-Founder & Deputy CEO of TASConnect, added, “This partnership represents a significant step forward in the Vietnamese financial technology market. By combining our expertise, and providing a comprehensive financial solutions through a digital platform, we’re not just solving current market challenges; we’re future-proofing finance departments against evolving economic pressures.”
This integrated solution will deliver substantial benefits, including reduced operational costs across the value chain, minimised errors, and accelerated decision-making processes. These improvements are crucial as businesses strive to maintain competitiveness and financial stability in a challenging economic climate.
About TASConnect
Headquartered in Singapore, TASConnect is a wholly owned subsidiary of SC Ventures Holdings Limited and incubated through SC Ventures – Standard Chartered’s innovation, fintech investment and ventures arm. We are a leading working capital solutions platform connecting complex enterprise ecosystems to deliver economic value with end-to-end visibility and control. We are firm believers in the principles of co-creation and collaboration with our clients. For more information, please visit https://tasconnect.com
About Atalink
With the mission to foster interactivity across the whole supply chain, Atalink helps Multi-national Enterprises as well as Small & Medium Businesses interacting seamlessly with their Suppliers, Distributors and Clients – to optimise operation, reduce cost and drive more revenue – through our unified supply chain management solution and the built-in B2B marketplace. We highly value the collaboration to succeed together based on trust, quality and satisfaction.
For more information, please visit https://atalink.com
Press Contact
Alex Lixuan Lim
Marketing and Communications Manager, TASConnect
+65 97886757
alex.lim@tasconnect.com
Press Contact
Hoang Thu Trang
Marketing Manager, Atalink
+84 909298183
tranght@atalink.vn
