FinessArt

FinessArt, developed by Arteria Technologies Private Limited, is a financial extended supply chain platform designed to digitize and automate the end-to-end supply chain network. According to the vendor, the platform aims to enhance supply chain transparency, improve analytics, enable quick decision-making, and bring financial efficiency to the entire supply chain. FinessArt caters to companies of all sizes, from small and medium-sized enterprises (SMEs) to large corporations, and is utilized by professionals in various industries, including procurement, supply chain management, finance, sales and marketing, manufacturing and production, energy and natural resources, consumer industries, discrete industries, financial services, and service industries.

Supplier Connect: According to the vendor, Supplier Connect is a customized platform that minimizes manual work and errors, allowing suppliers to self-serve and gather information efficiently. It includes automatic background checks, multiple approvals for supplier creation, and the advantage of early payment discounts through auctions.

Customer Connect: The vendor states that Customer Connect enables businesses to manage downstream operations by capturing market demand, optimizing supply planning, and improving customer support. This feature allows for the setting and tracking of dealer targets, the generation of leads through marketing campaigns, and direct communication with customers via the portal.

Payments: According to the vendor, Payments feature automates accounts payable and accounts receivable processes, overcoming invoice rejections through a 3-way match, and enabling the direct posting of invoices to ERP systems. It also includes supplier performance scoring and flexibility for suppliers to maintain clean master data.

Business FinTech: The vendor claims that Business FinTech facilitates invoice discounting, channel financing, and working capital finance at competitive rates for eligible distributors. This feature allows for the instant creation of OD accounts, credit limit setup, and payment protection plans to support supply chain partners.

Business Process Automation: According to the vendor, FinessArt seamlessly integrates with ERP systems, ensuring compliance and standardization. It covers the procure-to-pay process for efficient procurement, the order-to-cash process to boost sales and improve relationships, and the integration of Business FinTech for credit management and payment reconciliation.