Supplyfy seeks digital transformation of its core business system
Supplyfy started as an innovation initiative within ING Bank as part of the broader goal to improve and digitize asset-based import finance. Traditionally, this process was laborious and heavily reliant on paper-based methods, causing delays, inefficiencies, and a lack of transparency in tracking import finance transactions.
As a technology partner, XLINQ was entrusted with creating a cloud-based portal aimed at empowering Supplyfy clients to effectively oversee their import finance processes, including requests, checks, and monitoring. One of the key requirements was the smooth integration with various banking systems and external data providers for near real-time tracking insights.
Digital import finance platform offers near real-time viewing of shipment details
Leveraging deep technology expertise and understanding of strategic priorities, we helped Supplyfy build a comprehensive platform. This platform offers financing options through various documents, facilitates seamless collaboration across departments with digital workflows, and enables smooth transitions from import finance to inventory finance.
What’s more, the integration with external data providers empowers Supplyfy to access real-time information regarding the location and estimated time of arrival of goods. Remarkably, XLINQ’s team delivered this entire system within the challenging timeline of only four months, providing exceptional value for the investment.
Enhanced business growth opportunities
With a solid foundation of technical and market understanding, the platform was well-received by the target audience and earned excellent feedback from its first users. Recently, Supplyfy was named Top Innovation in Trade Finance 2023 by Global Finance Magazine and listed as a candidate for the Finovate award in the category of Best SMB/SME Solution.