First-hand experience: developing a blockchain solution to reduce double financing risks in SME financing

In our previous blog, Friso Spinhoven and Douwe Lycklama discussed the demonstration of ‘track & trace’ of invoices statuses for improved risk management in factoring accounts receivables. This blog reports on the development of a blockchain registry to cope with double financing risks

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Innopay welcomes all UK based PIs to continental EU!!!

  • Shikko Nijland
  • PaymentsDigital identityE-BusinessAPIPSD2English content

Welcome UK based Payment Institutions

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How six drivers for innovation can add value to transactions in the insurance industry

This first blog in a four-part series explains how the significant amount of transactions within the insurance value chain can be optimised by using innovative ways to improve transparency and trust. By improving the transactional part of the insurance value chain, insurers can face contemporary challenges like the rise of InsurTech players, low interest rates and tight regulatory regimes. At the core of innovation lie six drivers.

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E-invoicing: why the Dutch government is doing supplier adoption right, and how you can do so too

  • Pieter Nijs Wouter van Schaik
  • ArticleE-BusinessEnglish content

This blog explains how the Dutch government's e-invoicing plans avoid the most common supplier adoption pitfalls, and how you can avoid them too to make your e-invoicing implementation a success.

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Strengthening the working capital position of SMEs through ‘track and trace’ of invoices - invitation to participate

  • Douwe Lycklama Friso Spinhoven
  • ReportsE-BusinessEnglish content

The electronic exchange of the status of invoices can contribute to optimising working capital positions. At the same time, it can enhance finance-ability by enabling financiers to make their operational processes more efficient and to better manage their risks. This concept was recently explored by the Supply Chain Finance Community, the Fraunhofer Institute, and Innopay by means of a proof of concept in the Netherlands. We are now looking to perform more PoCs in several other European countries, while extending the Dutch PoC. There is still room for interested parties to participate!

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Supplier Enablement: Corporates Should Strive Towards a Diversified Supplier Enablement Strategy

For the E-invoicing, Supply Chain Finance & E-billing Market Guide 2014 Innopay wrote an article on Supplier Enablement.
This article explores how a diversified supplier enablement strategy increases your changes of supplier adoption rates above 80%. It provides CPOs, CFOs and CIOs of corporates that are planning implementation of e-procurement or e-invoicing a best practice to become successful in their digital transformation projects

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Supplier adoption: 4 imperatives to ensure effective digital transformation of your supply chain

Today, corporates across industries consider the implementation of e-invoicing systems as part of their broader e-procurement strategy. Corporates take the lead in guiding their supply chain partners towards more efficient and dematerialized supply chain processes. While these digital transformation trajectories yield substantial benefits when executed properly, corporates face challenges in capitalizing on this opportunity in their supply chain.

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Innopay proposes new Supply Chain Finance model to enable real-time SME financing

  • Mounaim Cortet
  • E-BusinessArticleEnglish content

Small and medium-sized enterprises (SMEs) are becoming increasingly dependent on alternative ways to finance their working capital. One of the new buzz words within the world of finance and logistics is ‘Supply Chain Finance’.

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Real-time Financing: Extending e-invoicing to real-time SME financing

Today, most Supply Chain Finance (SCF) solutions are based on a Buyer driven ‘three party model’. Although this is a widely accepted model, it has its limitations in terms of scalability and SME financing.
There is a growing desire from companies and national governments alike to organize financing in an easy and cost effective manner, making SCF reachable ‘for the masses’. In this article Innopay’s e-business experts - Jaap Jan Nienhuis, Mounaim Cortet and Douwe Lycklama - reflect on existing SCF models and propose a 'four party SCF model' to facilitate real-time (SME) financing.

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