The role of financial service companies in the supply chain has changed. With the growth of ecommerce technologies, companies are finding it easier to cost-effectively link with their suppliers and banking partners. This has created new opportunities for differentiated services and account control for companies that can master the financial supply chain.
Amber Road partners with leading financial services companies to help them exploit this opportunity by expanding and automating the range of trade services they offer to their most profitable clients. With access to our web-based tools and specialized trade content, financial services companies can offer a global trade hub that connects buyers and sellers, as well as customs brokers, freight forwarders and other trading partners in one system. This helps speed the process of opening accounts, generating letters of credit, validating suppliers against restricted or sanctioned party lists, and uniting key purchase-to-payment events in the physical and financial supply chain.