ACI Open Account Manager is a comprehensive trade solution that offers open account services and supply chain financing, including online purchase order (PO) issuance, invoice matching, and invoice discounting and reverse factoring.
Working as a collaboration infrastructure management system, Open Account Manager’s model of participation by invitation allows banks to align themselves with their customers’ trade business needs.
Along with the buyers and sellers, third party logistic and inspection companies can also be permitted to update data through the Open Account Manager, thus increasing an institution’s ability to serve as an effective mechanism for information aggregation, validation and dissemination for the entire supply chain.
Open Account Manager enables financial institutions to provide supply chain financing services not only their customers but also the strategic partners of their customers to integrate services across the trade value chain. This integration creates more symbiotic relationships and increases business opportunities with all aspects of the open account trade process. Open Account Manager is a SWIFTReady Supply Chain Finance accredited solution for 2012, the fifth consecutive year of SWIFTReady accreditation.
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