The realms of supply chain management and financial solutions have remained distinctly separate, a cumbersome division far from ideal. But imagine a world now where you can master both physical and financial supply chains, all from one platform.
Acknowledging the potent synergy and enhanced efficacy inherent in a unified approach, GraviTASC was created as a pioneering collaboration between TASConnect and Gravity Supply Chain.
This innovative solution is designed to synergise the efforts of CFOs, treasury departments, procurement teams, and distribution functions. This industry-first, disruptive solution breaks down system silos and eliminates operational bottlenecks within your supply chain, giving you unwavering control and visibility, with easy access to data and financing options.
Enhance your top and bottom line, while lowering procurement and financing risks
GraviTASC is poised to be a game-changer for CFOs, CPOs, CDOs and CIOs alike, offering a host of benefits that streamline operations and enhance decision-making processes.
The primary advantages include real-time transparency and traceability of goods and shipment statuses at an individual Purchase Order level – helping de-risk procurement processes and financing decisions for corporates and banks respectively, while offering material improvements to key metrics in the Cash Conversion Cycle.
TASConnect is a leader in Working Capital Management solutions for leading global enterprises, helping them optimise the Cash Conversion Cycle while ensuring ample supply of liquidity across the extended value chain. Now, the introduction of GraviTASC further strengthens this core proposition, beyond enabling several other positive outcomes across various facets of supply chain and financial management:
• Enhanced ETA and Production Management: better production planning and resource utilisation minus unnecessary demurrage and detention, leading to material reductions in your Cost of Goods Sold (COGS).
• Efficient Team Collaboration: All Enterprise teams and functions can finally be on the same page with aligned KPIs and a shared workspace, benefitting from operational efficiencies and a subsequent reduction in labour costs due to streamlined collaboration.
• Faster Time-to-Market: GraviTASC accelerates the procurement process, reducing the number of days from PO creation to vendor booking, ensuring a faster time-to-market and improved throughput.
• Improved Supplier Performance Risk Management: with complete ‘first mile’ visibility through every stage of manufacturing, QC and logistics, you can stay on top at an individual Purchase Order level, and if issues occur, initiate mitigating actions well in time.
• Enhanced Profit Management: GraviTASC contributes to profits by facilitating a reduction in product markdowns, by achieving better on-time arrival KPIs and seamlessly creating a transaction history for financing partners for the provisioning of credit.
• Ample liquidity, all across your value chain: Strengthen your supply chain health and sustainability with data-backed PO financing. With actionable visibility across various stages of manufacturing, QC and shipment, GraviTASC gives yourfinancing partners the requisite confidence using data to provision suitable pre-shipment credit facilities based on agreed production milestones acting as disbursement triggers.
GraviTASC marks a significant step change in the evolution of supply chain and financial management solutions. CFOs, treasury and procurement heads now have a powerful tool at their disposal. This solution not only simplifies complex procurement procedures but also enhances transparency, traceability, and efficiency throughout the supply chain – optimising operations, improving sales throughput and driving substantial cost savings for enterprises across industries.
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 tasconnect.com
About Gravity Supply Chain Solutions
Gravity Supply Chain Solutions is the developer state-of-the-art technology that gives unprecedented 24/7 visibility of your entire supply chain network. By uniting manufacturers, logistics service providers and retailers on one platform, Gravity drastically improves collaboration and decision-making at every stage of the supply chain. With dedicated offices in five major cities around the world, they provide support when and where you need it most.
