ABN-AMRO launches supply chain portal

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Bangalore, Nov 6 (UNI) Private banking major ABN-AMRO has launched a supply chain portal to offer seamless end-to-end trade automation and streamline invoice reconciliation and processing.

Talking to newspersons here today, ABN AMRO India Head-Transaction Banking Senior Vice-President Ramesh Ganesan said streamlining of physical supply chain processes improves procurement and inventory management.

He said the supply chain portal was delivered through MaxTrad, a market leader in trade technology.

''This global trade platform offers buyers and suppliers a secure single point of access to a full suite of online products, comprehensive transaction tracking and associated data flow information'' he said.

The portal offers online connectivity to suppliers and buyers, both domestic and overseas, to exchange and reconcile payment orders and invoices.

The portal also provides the suppliers and buyers the ability to access financing against invoices, he added.

UNI

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