Description
TraceLink’s Digital Commerce is a multienterprise application designed to digitalize and optimize financial flows and multi-party processes related to product movement and supply chain operations between supply chain stakeholders.
Benefits
TraceLink’s Digital Commerce brings the power of the Opus Platform and TraceLink Network to connect people, processes and information in a better way to enhance and optimize the complex and critical financial flows and processes for today’s continually evolving global supply chain and logistical networks.
- Improve the speed and efficiency of the order-to-cash lifecycle and across varied finance operations including:
- Purchase Orders and acknowledgements
- Price synchronization and change management
- Invoice management
- Rebates and volume discounts
- Chargebacks
- Payment processing
- Sales reporting
- Better manage long and complex procurement and sales cycles
- Facilitate decision processes that involve large numbers of stakeholders with varied roles
- Support multi-channel sales programs and payment processes
- Increase the accuracy and efficiency of financial reconciliation and reimbursement for POs, invoices, rebates, discounts, and other financial claims
- Enhance the reverse logistics process from returns goods authorization to reimbursement
Capabilities and Features
TraceLink Digital Commerce, leveraging the flexible, scalable Opus Platform, will integrate and deploy several key capabilities to help transform commerce for the physical supply chain:
- Flexible and configurable support for EDI (X12, EDIFACT) and other data transaction formats (iDOC, OAGIS, etc.) to support diverse financial flow data exchange with trade partners, each in their own preferred formats
- "Integrate-once, interoperate-with-everyone" network connectivity and canonical data model to simplify connectivity across diverse, disparate supply and trade partner networks
- Rich API interface to enhance connectivity to new business and financial systems
- Operational and analytics dashboard and reporting to improve proactive monitoring of transactions and speed response time to unexpected exceptions
