{"id":521293,"date":"2021-10-05T12:17:10","date_gmt":"2021-10-05T12:17:10","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&#038;p=521293"},"modified":"2021-10-05T12:18:25","modified_gmt":"2021-10-05T12:18:25","slug":"scanco-and-corechain-announce-integrated-b2b-payments-and-supply-chain-finance-solution","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/scanco-and-corechain-announce-integrated-b2b-payments-and-supply-chain-finance-solution\/","title":{"rendered":"Scanco and CoreChain announce integrated B2B Payments and Supply Chain Finance Solution"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-521294 alignright\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/10\/1519912296632.jpeg\" alt=\"Scanco Software, Sage, CoreChain Technologies, USA\" width=\"175\" height=\"175\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/10\/1519912296632.jpeg 200w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/10\/1519912296632-150x150.jpeg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/10\/1519912296632-100x100.jpeg 100w\" sizes=\"auto, (max-width: 175px) 100vw, 175px\" \/>Scanco Software, a leader in <a href=\"https:\/\/scanco.com\/\">warehouse, manufacturing and supply-chain management solutions<\/a> for Sage, and <a href=\"https:\/\/corechainb2b.com\/\">CoreChain<\/a> Technologies, the digital B2B payments network built on blockchain, recently announced that they are partnering to co-develop an integration of the CoreChain payments network with Scanco\u2019s software products.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The co-developed solutions, including an enhanced version of Scanco Purchase Agent, will enable Scanco customers to streamline their B2B payments process and unlock new supply chain financing opportunities. Leveraging enterprise blockchain technology to power digital B2B payments, users can streamline the manual processes and painful reconciliation that can slow warehouse and manufacturing business while mitigating fraud. Additionally, Scanco customers can use the integrated technology to finance the working capital being held in unpaid invoices that age towards settlement due dates, frequently 30 to 120 days in arrears.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe very nature of today\u2019s warehousing and manufacturing business has changed, becoming much more virtual and integrated from end-to-end,\u201d said\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.linkedin.com\/in\/andrew-nunez-83b32012\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Andrew Nunez<\/span><\/a><span data-preserver-spaces=\"true\">, CEO of Scanco. \u201cScanco Purchase Agent will empower our customers to tightly align procurement with payments and financing functions, enabling the entire enterprise to work more efficiently and securely.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Since its launch in September 2020, CoreChain has processed over $500 million in B2B payments for enterprise buyers, including channel customer transactions. Available as a white-label platform, CoreChain allows any ERP or Business Process Automation software company, banks, and other payment networks to offer a digital B2B payments solution to its enterprise clients.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe CoreChain network is platform agnostic, which allows us to engage the entire supply-chain ecosystem, and ultimately, better serve our customers,\u201d Nunez said. \u201cWhile we are still focused on the Sage platform, our solutions cannot be confined by the boundaries of a single ERP. Our customers work within ecosystems, not applications. The CoreChain partnership is strategically important to our continued focus on expanding our business.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cAutomating the payment process with blockchain technology will not only help Scanco customers function more efficiently and securely, but it will also equip them for the future shifts in enterprise payments,\u201d said\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.linkedin.com\/in\/chrisaguas\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Chris Aguas<\/span><\/a><span data-preserver-spaces=\"true\">, Founder and CEO of CoreChain. \u201cInnovation in the enterprise payments and finance space is moving at a break-neck pace and warehousing and manufacturing businesses will need to adapt. Scanco clients are going to be well ahead of the curve and ready for any sea changes that may occur.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cBoth CoreChain and Scanco share a deep focus on building an exceptional user experience that also delivers more security and cost savings for our customers,\u201d said\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.linkedin.com\/in\/tomromary\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Tom Romary<\/span><\/a><span data-preserver-spaces=\"true\">, Co-Founder and Chief Commercial Officer for CoreChain. \u201cThe integration of digital payments with working capital solutions, available through an industry-leading software solution in Scanco, is a welcome innovation in the manufacturing and warehouse industry.\u201d <\/span><span data-preserver-spaces=\"true\">General availability of the enhanced Scanco Purchase Agent product is expected in early 2022.<\/span><\/p>\n","protected":false},"author":35276,"featured_media":521294,"parent":0,"template":"","categories":[11385,11396,11384],"tags":[16600,11438,14594,16601,16599,11416],"class_list":["post-521293","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-blockchain","category-cryptocurrency","category-payments","tag-corechain-technologies","tag-digital-payments","tag-sage","tag-scanco-purchase-agent","tag-scanco-software","tag-usa"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Scanco and CoreChain announce integrated B2B Payments and Supply Chain Finance Solution<\/title>\n<meta name=\"description\" content=\"Scanco Software, the leader in warehouse, manufacturing and supply-chain management solutions for Sage, and CoreChain Technologies....\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/scanco-and-corechain-announce-integrated-b2b-payments-and-supply-chain-finance-solution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scanco and CoreChain announce integrated B2B Payments and Supply Chain Finance Solution\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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