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Centrum Financial Services deploys Encore Theme’s Supply Chain Finance Solution

20-Oct-2018
Centrum Financial Services deploys Encore Theme’s Supply Chain Finance Solution
Centrum Financial Services Ltd., the leading non-banking financial company (NBFC) operating with the aim to assist mid-level businesses scale up their operations has announced the deployment of Encore Theme’s supply chain finance solution to augment its business processes.

Speaking about the requirement, Inderjit Camotra, Executive Vice President, Centrum Financial Services said, “We were looking for a solution which could make our ‘Fit for Growth’ strategy achievable. Encore Theme’s system has strong capability of handling multiple invoices within the same batch as well as multiple batches for the same client.’’

Speaking on the occasion, Narayan Viswanathan, Executive Director, Encore Theme Technologies said, “Our Supply Chain Finance solution completely automates the supply chain finance process, linking the buyers, suppliers and the bank within one intuitive web-based system which collects, verifies and displays payables data for trade and settlement in a real-time, secured environment.”

Encore Theme's solution is robust enough to handle large volumes enabling businesses to scale up their operation organically as well as inorganically without being worried about the system or infrastructure. It meets the dynamically changing business requirements of banks and supply chain management to manage stiff competition, reduced margins, larger volumes and increased customer expectations effectively.