Trading partner networks help banks add value to their clients' supply chain processes.
Boston, February 5, 2014 – The greater a bank's involvement with a client, the more value it can add, especially as companies' treasury functions become strategic and banking services commoditize. Trading partner networks allow banks to reach further into their commercial clients' supply chain processes, creating a common online presence for the exchange of information related to buying and selling as well as providing transparency to participants with regard to trading partner relationships, trading and payment terms, and trading partner behaviors. But how do banks effectively insert themselves into these processes?
Based on Aite Group conversations with leading trading partner network providers, this report discusses the buyer and seller challenges and opportunities that networks address and describes critical success factors. It also discusses banks' strengths and weaknesses in comparison to non-bank providers' and suggests how banks may participate and bring greater value to their trading partners and their network providers.
This 22-page Impact Note contains five figures and three tables. Clients of Aite Group's Wholesale Banking & Payments service can download this report.