For Finance & Supply Chain Management Teams

Supplier Incentives and
Smart Payments Programs

Speed up your global supply chain using the MFG Token® for Smart Payments and Incentive Rewards

  • Accelerate RFQ
    Response Time
  • Data Sharing Rewards
    Supplier Smart Payments
    Supplier Incentives
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Supplier Incentives
Programs

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Supplier Smart
Payments

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Purchase Order
Management

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Smart Contracts

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Identifying Who the Stakeholders are

Finance Directors

Supply Chain Directors

IT Directors

CFOs & CTOs

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Supplier RFQ Incentives

MFG Tokens® can be used to create custom rewards and compensate manufacturers for time and accuracy put into competitive tender bids

Data Sharing Rewards

  • Data sharing
  • Quick responses
  • Quality deliverables
  • Customer loyalty

The SyncFab Difference

Supplier Incentives Programs

Working capital management is the accounting strategy that a business uses to balance current assets and liabilities to ensure the company remains financially efficient, always maintaining the necessary cash flow to meet short-term operating costs such as paying utility bills and employees, as well as any short-term debt obligations.

Supplier Smart Payments

The P2P cycle is the trade cycle as seen from the point of view of the company that’s buying materials, goods, or services. During this process, the company chooses, receives, and pays for the items required to produce the goods or services they supply to their customers.

Purchase Order Management

Working capital management is the accounting strategy that a business uses to balance current assets and liabilities to ensure the company remains financially efficient, always maintaining the necessary cash flow to meet short-term operating costs such as paying utility bills and employees, as well as any short-term debt obligations.

Automate Payments With Smart Contracts​

Smart Contracts can automate payments based on custom triggers, like goods arriving or passing inspection. Each party can trust the payment verification mechanism, as they can trust blockchain – the underlying technology that records each transaction.

What is Financial Supply Chain Management?

  • Processes in the Financial Supply Chain
  • How FSCM Software Helps Companies Improve

Financial supply chain management (FSCM) is the practice of looking at all your financial processes at the holistic level, rather than viewing them as individual processes. It’s the end-to-end process that involves the procure-to-pay cycle, working capital management, and the order-to-cash cycle business processes. Within it, this covers everything that’s part of ordering, invoicing, reconciliation, and payment. The overall goal of financial supply chain management is to achieve and maintain visibility into all of these processes so that your supply chain can be as efficient as possible and capitalize on cost savings throughout the chain. FSCM carries the flow of money and financial information opposite the flow of goods and services.

Solution

Move existing paper contracts to a shared blockchain database
solution img finance web
solution img finance mobile

Benefits

  • Slash procurement by up to four weeks
  • Enhance visibility and traceability
  • Generate real-time alerts for all parties involved
  • Reduce procurement costs by up to 50%
  • View contracts & documentation securely
  • A shared, transparent ledger
    of every transaction
  • Get a single source of truth
  • Enjoy real-time payment settlement
  • Slash procurement by up to four weeks
  • Enhance visibility and traceability
  • Generate real-time alerts for all parties involved
  • Reduce procurement costs by up to 50%
  • View contracts & documentation securely
  • A shared, transparent ledger
    of every transaction
  • Get a single source of truth
  • Enjoy real-time payment settlement

Case Study

Blockchain Platform for Manufacturing 4.0

Connecting distributed manufacturing resources: A blockchain-based platform facilitates interactions between buyers and manufacturers with smart contracts to streamline production processes and tokens to provide incentives for participants
VIEW CASE STUDY

Why SyncFab?

Contain costs, boost productivity and increase profitability with SyncFab game-changing business solutions. Blockchain’s technical features provides superior trust, automation, security and resilience over traditional databases.

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Build incentives for collaboration and speed into your manufacturing supply chain with the MFG Token® supported by SyncFab.

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