Sunday, March 14, 2010

SWIFT on supply chain

SWIFT magazine painting a wider picture. Only a question of time before TSU and e-invoicing services find each others.

It is plain to see that a payment guarantee following on approval of an invoice can be extremely valuable both for the seller (can ship and can use invoice for financing) and buyer (gets the delivery faster – and cheaper financing + lower counterpart risk will eventually be reflected in price of goods).

Full TSU should get much more support and be integrated with e-invoicing to further automation. A simple payments assurance message – the payment sending banks sends automatically SWIFT message that money is irrevocably on its way (again enabling risk free shipping)  - a TSU light….

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