Case Study: Convergence

Streamlining Cross-Border Financing in the Financial Services Industry

A leading financial services provider faced the complex challenge of facilitating cross-border financing for a diverse network of exporters in Indonesia and internationally. They needed a solution to manage multiple financial institutions, streamline the onboarding of numerous anchors (sellers), and accommodate hundreds of participants across various industries.

Aqon’s Role

The client partnered with a technology provider to implement a comprehensive technology platform to address their needs. Aqon played a crucial role in the project’s success, contributing to the delivery and management of this platform.

Key features of the implemented platform included:

• Scalable Onboarding: Seamless onboarding of 20+ anchors, each with approximately 90 registered participants, primarily in the automotive, manufacturing, and fashion design sectors.

• Flexible Financing: Support for both automated and manual financing approval processes, allowing for tailored solutions based on individual transactions.

• End-to-End Management: A flexible system for managing financing approvals, disbursements, and settlements, ensuring smooth financial operations.

Aqon’s Contributions

Aqon’s contributions were instrumental in ensuring the successful implementation and ongoing support of the platform:

• Project Management: Aqon oversaw various aspects of the project, ensuring timely delivery and adherence to quality standards.

• Technical Expertise: Aqon provided technical guidance and support, addressing integration challenges and ensuring seamless data flow between systems.

• Stakeholder Management: Aqon facilitated communication and collaboration between the client, technology providers, and other stakeholders.

• Training and Support: Aqon assisted in training the client’s staff and users on the new platform, ensuring smooth adoption and efficient utilization.

Client Benefits

By leveraging Aqon’s expertise, the client achieved significant improvements in its cross-border financing operations:

• Streamlined Operations: Efficient management of complex cross-border financing, leading to increased efficiency and reduced manual effort.

• Improved Efficiency: Reduced manual processes and accelerated transaction times through automated workflows and integrations.

• Enhanced Visibility: Clearer insights into financial flows and performance, enabling data-driven decision-making.

• Scalability: A platform designed to grow with their expanding network, ensuring long-term flexibility and sustainability.