What Problems are we solving?

• Trade inefficiency and friction cost businesses US$500B a year 
• Poor visibility on the flow of goods, linked to payments and supply chain fulfilment 
• Payment transparency is challenging due to fragmented, disparate systems & processes

Synlian Key Enablers

• Convergence of physical and financial supply chains: IOT, smart contract/blockchain, e-invoicing/payments 
• Integration of payments into Networks/digital platforms 
• Omni-channel payment rails 
• Global Business Payments Network

The Synlian Cross Border Trade Network offers a range of services to exporters and importers and their trading partners across the world. It offers three unique values: -

1. Streamline/automate trade processes to reduce paperwork and manpower
2. Improve remittance/reconciliation flow for domestic and cross-border payments
3. Introduce new import/export funding models by integrating supply chain data, payments and access to trade finance

Benefits to Importers

• Improve DPO and increase rebates by having more card spend on A/P transactions
• Achieve even more rebates from non-card transactions
• Improve margins with systematic application of discounts for early payment 
• Improve efficiency  

Benefits to Exporters

• Control payment preferences and costs by setting payment acceptance rules and systematically enforcing them
• Predictable data availability for reconciliation 
• Improve DSO by promoting discounts for early payment  
• Improve efficiency  

Using Virtual Cards (VCNs) 

In the model shown above we are combining Mastercard generated VCNs with smart contracts creating a payment obligation that acts like an Export Letter of Credit. Some key advantages of VCNs include: 

• Created for a specific purpose typically single use tied to trade
• Reduces chances of fraud
• VCNs are data rich, allowing trade documents such as bill of lading or commercial invoices to be directly linked to a financial transaction.