The Kyriba Working Capital solution integrated into the MVC value chain platform

Monday 26 October 2020 14:05 CET | News

MVC, provider of supply chain track-and-trace platforms for pharmaceuticals, has announced that its parent company, AVC Global, a US corporation, has signed a strategic technology partnership with Kyriba Corporation.

The Kyriba Working Capital solution, powered by Kyriba’s Active Liquidity Network, is being fully integrated into the MVC value chain platform. As the COVID-19 pandemic decimates global supply chains, the supply chain finance will help ensure the speedy and efficient distribution of much-needed financial liquidity across the medical supply chains, while reducing the time required for paperwork, administration, and bureaucracy.

MVC’s blockchain enabled platform integrates serialized Track & Trace, IoT sensors, and smart contracts for government compliance and clearances. Kyriba’s integration expands the solution set for MVC with supply chain finance and cross-border payments solutions.

Kyriba's pioneering Active Liquidity Network, a cloud-based liquidity data and connectivity hub, connects internal applications with vital external liquidity sources such as banks, suppliers and trading platforms.

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Keywords: Kyriba Corporation, MVC, partnership, supply chain finance, working capital
Categories: Banking & Fintech
Countries: Bahrain
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Banking & Fintech

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