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Corporate treasurers and CFOs are viewing cash as a growing feature on their balance sheet and are looking to minimize risk, optimize returns, and make the most out of this asset. What if there was a risk-free financial instrument at their disposal that provided superior returns compared to the traditional instruments such as US Treasury bills? What if the funding of their own trade payables for early payments can yield significantly higher returns, risk-free?

Because corporations are not incented to pay trade creditors faster and are therefore holding on to cash longer, vendors are getting squeezed. Most vendors, who do not have access to multiple working capital financing sources, are interested in a simpler and competitive financing process for their receivables. What if they can offer an incentive to their customers for making early payments on invoices?

Enter Aanukaa…

Aanukaa enables big corporations to dramatically improve returns on short-term cash by providing a platform that facilitates dynamic invoice discounting with their vendor base. Either by approving invoice discount request from the buyer or by initiating early payment discounts, vendors too benefit from the aanukaa platform with improved cash flow at lower financing rates.

Benefits:
  • Positive impact on income statement and balance sheet
  • Alternative risk-free investment for short term cash
  • Higher yield on risk-free short term cash
  • Repeatable and recurring yields
  • Win-win for buyer and its vendor base
  • Alleviates vendor cash crunch
  • Transparency around payables
  • Supports compliance
Features:
  • Early payment requests
  • Dynamic invoice discounting
  • Easy configuration including upload of vendor and invoice info. Configuration tools let customers configure the solution to meet specific needs, such as vendor or invoice attributes, new custom objects, workflow rules, security settings, screen layouts and e-mail templates for communication with vendors without writing any customization code
  • Data model and Workflow. Workflow business rules that enable you to define configurable tasks and e-mail alerts based on changes to data
  • Integration with SAP and Oracle. Web Services based integration framework and standard connectors help you connect to your back-end systems ERP systems such as SAP and Oracle
  • Out-of-box Outlook and Lotus Notes integration. Synchronizes your calendar, tasks, events and e-mail, providing central visibility into vendor communication – both to you and your vendors
  • Web services based API enables you to build add-on client applications that access and manipulate additional data
  • Reports and Dashboards for comprehensive visibility into invoice status. Configurable dashboards and reporting framework enables business users to analyze payables related information with just a few mouse clicks. Dashboards provide rich visualization of relevant information
  • Audit tracking and compliance
  • Rich Security Model which provides fine grained control over how data is viewed by different internal and external users
  • Multi-language ready to help you work with international vendors
  • Sandbox capabilities enable you to have mirror copy of production system where you can test new changes before deploying them to production
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