Executive Briefings

Enterprise-Centric & Supply Chain-Centric Platforms Work Together, Yet Differ Greatly

There is a big difference in architecture and purpose between enterprise-centric and supply chain-centric platforms. Enterprise-centric platforms, such as ERP, aim to provide "Enterprise Cohesion" and financial integration within the enterprise. Supply chain-centric platforms aim to provide "Supply Chain Cohesion" and trading partner integration across the supply chain. But of course these two universes are bound together; both deal with purchase orders, sales orders, invoices and payments. The difference is that Enterprise Finance focuses on internal accounting and cash management whereas Supply Chain Finance Platforms connect multiple-party networks of trading partners together and enable them to transact. These network platforms can help to reduce risks and cost of credit, promote smooth transaction flows, gain visibility, make connecting to trading partners easier, reduce disputes, and enable innovative financial services.

Read Full Article

There is a big difference in architecture and purpose between enterprise-centric and supply chain-centric platforms. Enterprise-centric platforms, such as ERP, aim to provide "Enterprise Cohesion" and financial integration within the enterprise. Supply chain-centric platforms aim to provide "Supply Chain Cohesion" and trading partner integration across the supply chain. But of course these two universes are bound together; both deal with purchase orders, sales orders, invoices and payments. The difference is that Enterprise Finance focuses on internal accounting and cash management whereas Supply Chain Finance Platforms connect multiple-party networks of trading partners together and enable them to transact. These network platforms can help to reduce risks and cost of credit, promote smooth transaction flows, gain visibility, make connecting to trading partners easier, reduce disputes, and enable innovative financial services.

Read Full Article