Optimise your trade and working capital finance solutions
Marco Polo: Solutions
The Marco Polo Network is offering solutions for financial institutions, their corporate clients and the wider trade ecosystem to optimise trade and working finance. The Marco Polo Network provides the following solutions:
Modules and Applications: State of the art trade and working capital finance solutions for financial institutions and their corporate clients.
APIs & Developer Tools: Open (Application Programming Interfaces) APIs purpose-built for the trade and working capital finance. Allowing corporates and their banks to easily integrate.
Rules & Workflows: Enables users to create and manage workflows, rules, business logic for trade and working capital finance programs.
Platform Services: Manage critical cross-platform services such as tasks and alerts, compliance, analytics, reporting, 3rd-party integrations, and more.
Blockchain Technology: Open technology infrastructure powered by Corda that enables real-time exchange of trade data and assets between parties.
The Marco Polo Network delivers the production of three open account trade finance orchestrations in Q4 2018, enabling bank members to connect seamlessly with their trade and working capital finance customers and participants to transact. The trade finance orchestrations include:
- Receivable Finance
- Payment Commitment with and without financing
ERP-Embedded Working Capital Finance Applications
For corporates, the Marco Polo Network gives them access to multiple different working capital finance solutions directly from within their ERP System such as Oracle Netsuite or Microsoft Dynamics.
With the new Working Capital Finance App company can for the first time finance their working capital and generate cash all within their ERP System. The App helps customers reduce administrative costs and risks in using trade and working capital finance solutions as well as having access to a wider range of funding opportunities.
The ERP-embedded Working Capital Finance Applications allows corporates to integrate their receivables, payables and inventory data directly from their ERP system with the financial institution and connect with other participants of the wider trade ecosystem.
It offers end-to-end trade and working capital finance applications within the ERP environment, integrating multiple different trade finance solutions and products. It allows corporates to directly connect with financial institutions to implement and manage their trade and working capital finance programs.
With the rising need in simple access and efficient management of trade and working capital finance, the ERP-embedded Working Capital Finance App is primed to become a key solution for corporates to inject liquidity in their supply chain and optimizing their metrics Days Sales Outstanding (DSO) or Days Payable Outstanding (DPO).
The TIX Platform is provided by TradeIX and is licensed to banks. The TIX platform runs in the cloud and includes trade finance applications for trade orchestrations, pilots and POCs. Each member of Marco Polo can decide if they want to develop their trade orchestration themselves or use the TIX Platform.
The TIX Platform offers the following four components to Marco Polo members:
TIX Apps: TIX Apps are dedicated open account trade finance applications for both internal and external client facing solutions. These applications are focusing on receivable finance and payable finance solutions for corporates as well as applications for banks and alternative funders to finance and distribute these trade assets.
TIX Developer: It provides Application Programming Interfaces APIs, SDKs (software development kits) and microservices for developers within the Marco Polo Network. It integrates seamlessly with UTN, other systems, entities and service providers. TIX Developer also allows Marco Polo members to build and deploy their own trade finance applications, test prototypes, smart-contracts, query and validate critical financial data, contracts, identities, and assets.
TIX Composer: It allows to create and manage rules, logic and conditions for trade finance transactions used in TIX Apps. TIX Composer can be used for onboarding of trading partners, credit underwriting, pricing assets, payments, credit and risk management, asset distribution across the trade ecosystem. It provides the world’s first graphical interface for the creation and management of trade finance smart-contracts.
TIX Core: It is powered by the R3 Corda Distributed Ledger Technology (DLT) and provides secure, distributed data storage and bookkeeping, execution of complex business logic, automated contract enforcement, identity management, asset verification and tracking.
Would you like to speak to us about the Marco Polo blockchain initiative for trade finance or know more about how you can join?
+44 203 287 0744