Terainium Brings B2B Spend Management To Suite With Productfy

Terainium, LLC, the developer of TERA Cloud, is teaming with Productfy, Inc. to provide complex financial technologies on its software-as-a-service (SaaS) infrastructure. The collaboration will allow Terainium to provide anti-money laundering (AML), enterprise spend management and supply chain payment offerings on the platform, according to a Wednesday (Aug. 19) announcement.

“TERA Cloud helps businesses automate their entire supply chain transactions and offers one easy place to control, manage and track the organization’s spending in the cloud,” Terainium Founder and CEO Madhu Tera said in the announcement. “We are building several key strategic partnerships and our partnership with Productfy helps us extend our TERA Cloud offering to US and Canadian businesses.”

TERA Cloud allows large companies to automate their receivables and payables as well as bring their supply chain transactions online, while speeding up revenue recognition. The platform lets companies reduce their expenses and automate their enterprise expenditures, payment procedures, and compliance. It accomplishes those aims with one technology by bringing together offerings such as AML, supply chain payments and spend supervision.

Productfy, for its part, is a technology that lets firms roll out FinTech applications, services or financial products. Firms can harness built-in functionality like data aggregation, know your customer (KYC), card issuance, money transfer/payments, financial ledgering, depository accounts and additional offerings with one line of code.

In separate news, Barclaycard recently launched a Barclaycard Payment Intelligence (BPI) solution to provide procurement departments with detailed data analytics for a broad view of their supply chains. The offering combines many accounts payable data points with internal and external information. It helps customers make the right payment approaches for various suppliers much faster than they could without the assistance of technology.

Terainium Enters Into Alliance Partnership Agreement With ICICI Bank in India to Offer Corporate Cards Based Enterprise Spend Management Solutions

Financial technology company Terainium, LLC. announced today that they entered into an alliance partnership agreement with ICICI Bank, one of the largest private banks in India, to offer corporate cards based enterprise spend management, 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, supply chain payments under single platform, TERA Cloud is empowering businesses to cut cost and automate a lot of their existing spend and accounting processes.

“We are thrilled to partner with ICICI Bank to enable the most advanced FinTech solutions on TERA Cloud SaaS platform. TERA Cloud helps businesses automate their entire supply chain transactions and offers one easy place to control, manage and track the organization’s spending in the cloud,” said Madhu Tera, Founder and CEO of Terainium. “We are building several key strategic partnerships and our partnership with ICICI Bank enables us to offer advanced FinTech solutions to Indian businesses”.

“This partnership is a game-changer as we can tap into ICICI corporate customer base to offer our solutions. Businesses will be able to instantly issue corporate Visa cards on TERA Cloud Platform and set various controls to manage the spending in real-time”, Madhu Tera added.

About Terainium

TERA Cloud is a secure enterprise FinTech SaaS platform developed by Terainium. Using TERA Cloud, enterprises can digitize their supply chain transactions, automate Accounts Payable and Accounts Receivables and accelerate revenue recognition. TERA Cloud can eliminate manual intervention and reduce costs exponentially by reducing the buying cycles, cutting supply costs, and lower the processing costs. For more info: http://www.tera.cloud/

About ICICI Bank

ICICI Bank is India’s largest private sector bank by consolidated assets, It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. ICICI Bank is one of the Big Four banks of India.

The bank has subsidiaries in the United Kingdom and Canada, branches in United States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China and South Africa as well as representative offices in United Arab Emirates, Bangladesh, Malaysia and Indonesia. The company’s UK subsidiary has also established branches in Belgium and Germany.?For more info: https://www.icicibank.com/

Terainium Enters Into Alliance Partnership Agreement With ICICI Bank in India to Offer Corporate Cards Based Enterprise Spend Management Solutions

Financial technology company Terainium, LLC. announced today that they entered into an alliance partnership agreement with ICICI Bank, one of the largest private banks in India, to offer corporate cards based enterprise spend management, 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, supply chain payments under single platform, TERA Cloud is empowering businesses to cut cost and automate a lot of their existing spend and accounting processes.

“We are thrilled to partner with ICICI Bank to enable the most advanced FinTech solutions on TERA Cloud SaaS platform. TERA Cloud helps businesses automate their entire supply chain transactions and offers one easy place to control, manage and track the organization’s spending in the cloud,” said Madhu Tera, Founder and CEO of Terainium. “We are building several key strategic partnerships and our partnership with ICICI Bank enables us to offer advanced FinTech solutions to Indian businesses”.

“This partnership is a game-changer as we can tap into ICICI corporate customer base to offer our solutions. Businesses will be able to instantly issue corporate Visa cards on TERA Cloud Platform and set various controls to manage the spending in real-time”, Madhu Tera added.

About Terainium

TERA Cloud is a secure enterprise FinTech SaaS platform developed by Terainium. Using TERA Cloud, enterprises can digitize their supply chain transactions, automate Accounts Payable and Accounts Receivables and accelerate revenue recognition. TERA Cloud can eliminate manual intervention and reduce costs exponentially by reducing the buying cycles, cutting supply costs, and lower the processing costs. For more info: http://www.tera.cloud/

About ICICI Bank 

ICICI Bank is India’s largest private sector bank by consolidated assets, It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. ICICI Bank is one of the Big Four banks of India.  

The bank has subsidiaries in the United Kingdom and Canada, branches in United States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China and South Africa as well as representative offices in United Arab Emirates, Bangladesh, Malaysia and Indonesia. The company’s UK subsidiary has also established branches in Belgium and Germany. For more info: https://www.icicibank.com/