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A financial supply chain (FSC) is the flow of money across a network of business entities involved in the production and delivery of a product or service.
A business entity includes:
Each entity has its own processes and methods in controlling and directing the flow of money to, from and between entities.
A FSC for an enterprise begins when it is funded and ends when it is legally terminated.
A FSC represents one of the three supply chain functions: Physical, Information, Financial. The scope of an FSC extends beyond the physical supply chain (PSC) of an enterprise.
The key operational functions of an FSC can be summarized as:
fiChains™ is a financial supply chain digital twin.
fiChains™ delivers the maximum benefit when disruptions happen. In supply chains there is always a disruption happening or in the making somewhere. So now is a good time to start.
fiChains™ is non-intrusive, non-disruptive by design. fiChains™ digital assistants (DAs) off-load the busy-work employees need to do during a disruption reducing stress and burnout from disruptions. There is no risk or disruption to existing processes or systems.
fiChains™ supports Hi-Tech/Auto and Food/Agri/CPG industries.
fiChains™ uses AI powered digital assistants (DAs) to compute and deliver Financial supply chain visbility and intelligence in sync with your Physical supply chain. Financial visibility and intelligence during supply chain disruptions accelerate an enterprise's agility & resilience with faster assessment, better decisions and shorter time to implement.
Enterprises use1000s of applications and spreadsheets to run the business.
fiChains™ focuses on building the missing links required to support a Financial Supply Chain (FSC).
Similar to Physical supply chain digital twins powered by IOT, fiChains™ is powered by digital assistants (DAs) using AI to create a financial digital twin showing the flow of money in sync with your physical supply chain.
When disruptions happen, fiChains™ creates enterprise agility & resilience to assess financial impact, measure financial impact of decisions and implement decisions.
A Financial Digital Assistant fiDA™ is a purpose driven, AI powered digital assistant (DA) that is pre-trained with financial supply chain domain specific cross-functional expertise and knowledge to offload busy-work that employees do not want to or like to do. Financial digital assistants are digital employees similar to human employees who are hired and trained to perform financial supply chain related tasks.
For specific use cases please contact us at info@aankhen.com with a brief note of your interest
Digital employees are software digital assistants (DAs) that work in collaboration with human employees and other digital assistants. Similar to human employees that are hired and trained to perform supply chain functions, fiDA™ is pre-trained with decades of knowledge and ready to deliver ROI on day one.
A hybrid workforce is an enterprise workforce of employees and digital assistants (DAs), working in collaboration to perform supply chain functions faster, smarter and better. DAs help employee work-life balance by offloading busy-work and reducing stress and burnout.
Supply chains have become a catch all phrase for several enterprise functions involving sourcing, making, distributing, and paying for goods and services. High performance supply chains distinguish themselves by recognizing three distinct supply chain functions: Physical, Information and Financial.
The characteristics of the 3 supply chains are significantly different. Lumping the three chains together has created unnecessary complexity and obfuscating poor performance limiting enterprise agility and resilience. Approaching the three functions with a fresh point of view exposes the legacy choke holds on innovation impacting people, process and technology unleashing new potential and opportunities without risk to create a high-performance enterprise.
No, they are not the same.
Supply Chain Finance (SCF) is a function within Financial Supply Chains (FSC).
Supply Chain Finance primarily facilitates faster payment of invoices from suppliers and service providers via a 3rd party such as a Bank or other Capital providers for a fee, referred to as 'factoring'.
The Financial Supply Chain is one of the three supply chain functions: Physical, Information and Financial. The function of the Physical Supply Chain (PSC) is to manage the flow of physical goods. The Information Supply Chain (ISC) manages the flow of information. The Financial Supply Chain (FSC) manages the flow of money.
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