Your Blueprint to Payment Modernization – Omdia Universe Payments Hub report 2024

Counterparty Self On-boarding Portal (CSOP)

Introduction

One of the biggest challenges of setting up new relationships within the Supply Chain Finance Program is the counterparty onboarding process, which often requires gathering data from multiple sources and sequential approvals. Data-driven automated processing will optimise collaboration and transparency and reduce the risk and the red tape.

Our Supply chain finance solution comes equipped with the Counterparty Self On-boarding Portal (CSOP), which manages the end-to-end counterparty onboarding process. The portal is a uniform window for users/stakeholders across the value chain in the counterparty onboarding process.

All parties, for example, Anchor Customer(s), bank sales Manager (s), Agency User(s), and counterparties, can access the system over the Internet to upload the required documents on various SCF programs.

The portal also allows users/stakeholders to effectively monitor and track the progress and status of the counterparty onboarding requests through user dashboards and comprehensive reports.

What’s in it for the Banks?

Combine System Integration with Trade Finance Innovatio

Anchor in Control

Anchor has the power to trigger the onboarding process with a simple spoke information upload (Single or multiple counterparty details)
Instant, online status check of the onboarding process.
A streamlined and automated process with customised flows
Onboard a more significant number of suppliers

Enhanced Counterparty onboarding process

One-click real-time alerts for onboarding interest
Digitised self-onboarding process for enhanced efficiency
Automated process to improve productivity and enhance the overall experience

Improved Operational Efficiency for the bank users

Customise workflows based on the counterparty country, improving agility and efficiency
Configurable workflows to define an automated way to get the required information
Pre-defined list of documents as per the counterparty country and category of business
Track and trace potential counterparties who have not accepted the onboarding invitation
Seamless communication with counterparty for any clarification or to ask for additional information