Uncia has just bagged the prestigious award for Best Supply Chain Finance Implementation at the 6th edition of the IBS Intelligence Global FinTech Innovation Awards 2024. This recognition celebrates Uncia’s outstanding achievement in transforming the supply chain finance (SCF) infrastructure for a leading Indian NBFC.
Redefining SCF with Innovation
The award-winning project involved migrating the client’s SCF infrastructure to a state-of-the-art digital ecosystem. At the heart of this transformation UnciaFlow, is an advanced solution built on a microservices architecture. This solution integrates 51 predefined SCF product variations and is designed to handle almost every SCF-related business scenario in India. The platform also features a powerful Business Rule Engine and Validation Management, significantly improving process efficiency.
Game-Changing Benefits
The implementation of UnciaFlow led to remarkable improvements:
- Instantaneous fund transfers
- Faster cash flow cycles
- Reduction in processing time for bulk invoice uploads
- Streamlined working capital management
These features are powered by Robotic Process Automation (RPA), removing manual intervention, and providing a self-service platform for clients to manage configurations and integrations independently.
A Transformational Milestone
Nikhil Gokhale, Director of Research & Digital Properties at IBS Intelligence, commended Uncia for redefining industry standards for automation and operational efficiency. He highlighted how the solution has optimized bulk invoice processing and set a new benchmark for SCF in India.
Hari Padmanabhan, Chairman of Uncia, expressed pride in the recognition, emphasizing that UnciaFlow’s success is a testament to its commitment to digital transformation. “This award reflects our technical capabilities and the trust our clients place in us,” he said.
Empowering Clients with UnciaFlow
Uncia continues to lead the fintech space with its innovative, user-centric solutions, helping clients drive smarter, faster, and more sustainable growth in supply chain finance.
Revolutionize your SCF business today with UnciaFlow. Visit uncia.ai to book your personalized experience.
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