Arviem, the provider of IoT enabled supply chain visibility and cargo tracking & monitoring services announced today the launch of its new IoT enabled services for working capital optimization.
Arviem enables the optimization of the financial and physical supply chains by making goods in transit financeable through monitoring the location and condition of the cargo in real-time. By leveraging the data collected through monitoring the movements of goods with sensors devices, Arviem provides traceability from ‘doors closing to doors opening’ serving as an independent verifier for regulatory purposes as well for real-time risk mitigation.
The new, innovative working capital solutions developed by Arviem are benefitting both the shippers of goods and the financing institutions offering supply chain financing services to clients. “Shippers of goods get early access to faster and cheaper financing enabling them to better manage liquidity and strengthen their balance sheets. Arviem’s audit compliant concept for balance sheet optimization helps shippers of goods in improving their financial ratios and return on capital employed” explains Aidan Shilling, Director Working Capital Services at Arviem. He adds, “Banks and financial institutions can also leverage our services to decrease their risk exposure by having access to an independent, real-time and cost-efficient verification tool to monitor the goods involved in their supply chain financing programs. Additionally, Arviem’s cargo monitoring data provides access to financial institutions to trade flows, enabling them to provide financing earlier in the supply chain which will open up new revenue streams.”
The first few pilot projects of Working Capital Solutions have been completed with success. One of the pilot projects focused on inventory financing has been selected as the winner of the Innovation category of the 2018 Supply Chain Finance Awards in Amsterdam. Thanks to Arviem’s working capital solutions, the pilot client ensured that they receive early liquidity at attractive rates and managed to synchronize the financial transactions with the actual progress of the goods through the supply chain.
Arviem (www.arviem.com) solves the challenges of obtaining visible and intelligent trade by offering real-time end-to-end cargo monitoring services. As the only full-service provider of real-time cargo monitoring on the market, Arviem’s solutions provide exceptionally accurate location and quality condition monitoring of cargo throughout the global supply chain. Arviem enables its customers with the ability to manage major events as they occur throughout the chain of custody.