"Decoding Supply Chain Finance with Ram Iyer Founder & CEO of Vayana Network
Mar 15, 2024
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Join the podcast with Ram Iyer, Founder & CEO of Vayana Network, as he discusses the origin of 'Vayana', the complexities of supply chain processes, authentication of invoices, blockchain's impact, and the use of AI in underwriting. Explore the future of finance in supply chain management.
Supply chain finance involves financing multiple parties, creating a network of buyers and sellers.
Technology facilitates efficient validation of invoices and enhances transparency in supply chain finance.
Deep dives
Understanding Supply Chain Finances
Supply chain finances involve financing three parties involved in a trade rather than just one, creating a network of buyers and sellers. This intricate system supports various businesses that rely on credit for transactions, ensuring smooth operations across the supply chain. The complexity lies in managing credit needs for numerous interconnected businesses, fostering a harmonious flow of goods and payments throughout the network.
Challenges of Financing for Small Businesses
Small businesses face challenges in accessing affordable credit due to low profit margins and limited cash flow. Many businesses operate on minimal margins, making it challenging to afford costly credit options. The key lies in providing short-term credit solutions at reasonable rates to support their operations without burdening them with high costs and ensuring timely payments to avoid default.
Role of Technology in Supply Chain Finances
Technology plays a crucial role in digitizing invoices and streamlining trade finance operations. By leveraging electronic invoicing and advanced data processing, businesses can validate and track trade transactions efficiently. These technological advancements enable the verification of genuine invoices, enhance transparency, and facilitate seamless transactions within the supply chain network.
AI and Underwriting in Supply Chain Finance
AI technology, including chat GPT interfaces, can revolutionize underwriting processes in supply chain finance. By analyzing data insights, AI tools can enhance decision-making and risk assessment in credit evaluations. However, the effectiveness of AI applications depends on a deep understanding of the domain to interpret results accurately and ensure they align with the specific needs and nuances of the supply chain industry.
Join us as we dive into the world of supply chain finance with Ram Iyer, the visionary founder of Vayana Network, India's leading supply chain finance company. Discover the inspiration behind the name 'Vayana' and explore the intricacies of supply chains as vital living organisms.
Key Highlights:
01:25- The Origin of 'Vayana': Ram Iyer shares the unique story behind the name 'Vayana' and his perspective on supply chains as comprehensive, living systems.
15:25- Unraveling Supply Chain Processes: A detailed explanation of the supply chain process, shedding light on its complexity and importance in today's economy.
23:20 -The Journey of an Invoice: An insightful look into the lifecycle of an invoice within the supply chain financing ecosystem.
29:21-Authenticating Invoices: Ram discusses the mechanisms in place for verifying the authenticity of invoices, a critical step in supply chain finance.
32:20- Blockchain's Impact: Iyer's take on how blockchain technology can transform supply chain finance, enhancing transparency and security.
36:48 -AI in Underwriting: Exploring the relevance of AI technology in the underwriting process and its potential to revolutionize supply chain financing.
Conclusion:
Dive deeper into the fascinating world of supply chain finance with Ram Iyer and discover how Vayana Network is leading the charge in innovation. Don't miss out on this insightful episode for a comprehensive understanding of the future of finance.
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