The new partnership allows Terainium, LLC, to offer enterprise spend management, AML, and supply chain payment solutions on its TERA Cloud SaaS Platform and extend the offering to businesses in the North American continent.
FREMONT, CA: Financial technology company Terainium, LLC. is partnering with Productfy, Inc. to allow enterprise spend management, AML, and supply chain payment solutions on its FinTech SaaS Platform, TERA Cloud.
With TERA Cloud, enterprises can digitize their supply chain transactions, automate Accounts Payable and Accounts Receivables, and accelerate revenue recognition. Combining solutions like spend management, AML, and supply chain payments, TERA Cloud empowers businesses to cut costs and automate enterprise spend, compliance, and payment processes under a single platform.
Founder and CEO of Terainium Madhu Tera rightfully said that they are thrilled to partner with the Productfy to allow the most advanced FinTech solutions on the TERA Cloud SaaS platform. TERA Cloud helps businesses automate their entire supply chain transactions and offers one secure place to control, manage, and track the organization’s spending in the cloud. The company is building several critical strategic partnerships, and their partnership with Productfy helps them extend their TERA Cloud offering to US and Canadian businesses.
He went on to say that businesses are facing an increasing number of supplier compliance and customer due diligence requirements worldwide. Penalties for non-compliance continue to rise, and self-reported supplier data is no longer sufficient. Verification of supplier information must be audit-proof and automated to remain competitive in today’s business environment. Partnership with Productfy enables them to offer businesses to implement KYC at the speed of businesses. Their KYC solution allows corporations and regulated institutions to meet their KYC/AML/EDD regulatory requirements instantly.
