Through Octet, businesses can track, validate and authorize each step of the supply chain process, from purchase orders to settlement, all in their own language. It simplifies supplier payments and helps businesses pay for goods without worrying about what the supplier accepts and how they work.
Octet helps banks and financial institutions reduce risk of fraud and money laundering by ensuring a verified, transparent supply chain for business customers. It modernises and speeds up the transaction process, eradicating the old way of negotiating and transacting.
Help your business customers manage transactions with domestic and international suppliers
Keep your customers’ data safe with anti-fraud security with global bank standards
Enable your business customers to connect and transact with their suppliers globally
Track each step of the supply chain process, from purchase order to settlement
Help business customers and their suppliers transact in their own language, with support for English, Turkish, Spanish and Mandarin.
Lower risk with credit assessment and approval check-ins
Protect business customers with global bank compliance and security standards
Give your customers flexible funding options from cash, loans and cards without their suppliers being aware of the funding source
Offer real-time foreign exchange fees at point of transaction
Use Octet’s comprehensive underwriting program, or add your own policies
Provide your business customers with a broad array of supply chain financing products, including receivable financing, secured asset financing and unsecured financing options
Deeply integrate the platform into your banking systems or isolate it for additional security
Octet is available in the cloud or dedicated infrastructure as a turnkey solution that offers you the level of connection you want to your existing banking and financial service systems, backed by global security standards. Deeply integrate Octet with your existing business customer base or provide a siloed product to new customers.
Octet is built on transparency and security so you know who your businesses are buying from. All businesses and suppliers are pre-vetted under Anti-Money Laundering (AML), Know Your Customer (KYC) and Economic Trade Sanctions (ETS) processes to lower risk and improve visibility into the transaction process.
Once onboarded, business customers can initiate transactions with a supplier of their choice. All supporting documentation, from purchase order through to settlement, is stored on the Octet platform so you have full visibility across the supply chain process for your customers.
Octet takes care of the transaction to the supplier, so it’s easier to enable any payment method for your business customer. Offer your customers loan facilities, new credit cards or more rewards points, in the knowledge the money will be spent on your customers’ business. It’s a win-win.
A happy customer is a loyal customer. By helping your businesses negotiate, transact and pay their suppliers through Octet, you can ensure they will keep coming back for more. Connect your business customers into the Octet network and allow them to connect and transact with their suppliers globally.
Become part of the Octet network and access a community of more than 10,000 global suppliers
Manage your workflow by storing all your documents in the cloud, access on all devices
Use existing or new payment sources to pay for goods, and leave your overdraft untouched
Access sharp foreign exchange rates in real-time at point of settlement for discounted foreign change
Keep your payment information secure and hidden from suppliers — the platform handles the payment for you
Negotiate early settlement discounts with suppliers and access valuable reward points on your credit card
Earn additional revenue from customers through transactions, FX, credit cards and loan facilities
Access businesses of all sizes on the platform with enterprise-grade supply chain tools
Provide value for customers with an innovative solution to manage global suppliers, saving valuable time and freeing up cash flow
Monitor transaction flows and related documents from purchase order to final payment and settlement
Offer a secure, online supply chain platform to track, validate and authorize each step of the supply chain
Customize and access a sophisticated supply chain platform with minimal software development and no sign up costs
Receive payment as soon as the order is authorized and settled. No more waiting for clearance.
Allow buyers to pay you with their chosen method — the Octet platform handles all payments and fees
Trust in a closed community of pre-qualified buyers to lower risk of fraud
Streamline payments, fees and reduce risk of bad debts with pre-qualified buyers
Don’t let language be a barrier and prevent miscommunication — Octet works in English, Mandarin, Turkish and more
Minimise paperwork by storing all documentation securely in the cloud, accessible any time, on any device.