How they describe themselves: We don’t believe you can be the best in everything. So we decided to create an independent connected world where our clients could select and combine pre-integrated business software of various providers. Xentral Station is a cloud-based workspace with a full suite of business apps to manage their full supply chain process including eInvoices and Supply Chain Funding. Key partners include Microsoft, Google, GE Healthcare, Dun&Bradstreet, BNP Parisbas, Sage, Avalara, Exact, TBlox, and InvoiceSharing. We currently have 100k clients and distribute our platform fast on a global scale.
How they describe their product/innovation: Xentral Station created a supply chain funding app to solve slow and expensive trade financing for big and small vendors using the app to receive cash in 24 hour. Payments and administration are paperless, fully automated and transparent. All transaction data flows seamlessly between multiple systems via the connected applications on Xentral Station. The process is quick and easy to use, with an integrated Dun&Bradstreet validation process. This reduces risk, time, and administrative burden for vendors, clients, and financial institutions.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed