This just in, the InvoiceInterchange team was present at the NEMO (Supply Chain Finance product) launch and signing ceremony at St. Regis on October 26th. The event was graced by the guest of honour Mdm Sim Ann, Senior Minister of State, Ministry of Culture, Community of Youth, MInistry of Trade and Industry.
Nufin Data Private Limited has just officially launched their product NEMO, a cloud-based supply chain financing solution. Together with United Overseas Bank (UOB), InvoiceInterchange signed the Memoranda of Understanding (MOU), as part of our collaboration with Nufin Data and their product NEMO.
By creating a strong relationship with Nufin with the signing of the MOU, InvoiceInterchange is maintaining its presence as a leader in the receivables financing industry. As InvoiceInterchange has been in the business for almost 3 years, they are planning for long-term success through strategic alliances like this one.
What is NEMO?
NEMO stands for New Efficiencies, More Options. It is a cloud-based supply chain finance solution intended for the medium to large companies. Basically, NEMO focuses on digitizing and automating the client’s accounts payable and receivable process. And this greatly speeds up the entire process from weeks to days. As a result, this supply chain finance solution will enable corporates to manage their accounts reconciliation with their vendors more efficiently. As a whole, NEMO will greatly enhance one’s productivity, information flow and ultimately cash flow.
To further enhance financing options within the NEMO platform itself, InvoiceInterchange is partnering with NEMO to provide invoice financing services. Serving as one of the financial arms of NEMO, InvoiceInterchange aims to ease and boost cash flow management for NEMO users. In addition, UOB, Money Max, and Funding Societies are also part of the collaboration with Nufin Data to provide financial services to NEMO users.
We would like to thank Nufin Data for giving us this opportunity to be able to continue helping and improving businesses with invoice financing and supply chain finance, and we are looking forward to seeing the progression of NEMO and its positive impact on SMEs.
During the event, our CEO, Brian Teng had the honour to meet Ms Sim Ann and shared ideas on furthering the growth of SMEs and the Singapore economy.
We are excited to work together with Nufin Data to help businesses access the funds they need more easily than ever and drive growth of businesses in the region.