BANGKOK, January 10, 2025 /PRNewswire/ — Further to the Memorandum of Understanding signed between NEC Corporation Thailand (NEC Thailand) and AIRA Factoring Public Company Limited (AIRA Factoring) in May 2024NEC Thailand and AIRA Factoring have now formed a strategic partnership to launch a digital supply chain finance platform. Through this collaboration, NEC Thailand and AIRA Factoring will provide a range of key services, including the use of “TASConnect”, a solution owned by SCV Research and Development PTE. LTD., and other NEC digital capabilities to create robust and effective supply chain finance programs. Additionally, the partnership will focus on customer acquisition by targeting specific groups and markets to identify and capitalize on new business opportunities.
Mr. Akarawit Sooksai, CEO of AIRA Factoring, highlights the critical role of business loans in helping SMEs maintain their operations, especially to meet their ongoing working capital needs. He predicted that the implementation of Supply Chain Finance (SCF) would enable AIRA Factoring to increase its annual credit disbursements by over 10%, from 19 billion THB from 2024. By digitalizing credit management processes, strengthening supplier relationships and improving cash flow management for customers, AIRA Factoring aims to deliver benefits to all stakeholders, including sellers, buyers and the company itself, while expanding its customer base in a sustainable way.
“AIRA Factoring is committed to strengthening Thai SMEs by improving their financial liquidity. For new businesses, obtaining loans from traditional financial institutions can be difficult or impossible. However, with invoices as supporting documents, SMEs can demonstrate their actual business performance. “To serve our customers, we actively share this knowledge with members of the Thai Factoring Association and financial institutions, showcasing the capabilities of modern solutions that enable efficient and automated processes,” concludes Mr. Akarawit.
Mr. Ichiro KuriharaPresident of NEC Corporation (Thailand), highlights that NEC remains committed to its strategy as a leading ICT provider while developing its capabilities in the digital finance sector. By leveraging its expertise, NEC aims to support partners like AIRA Factoring in improving their financial services through efficient and automated digital solutions. Mr. Kurihara is stepping up its collaboration with AIRA Factoring to launch a digital supply chain platform which marks a significant milestone in their partnership.
Kiss him Thailand 4.0, AIRA Factoring and NEC Thailand will deliver innovative and sustainable technology that will enable the industry to shift to a value-based business model.
With Thailand’s manufacturing sector being a critical contributor to the national economy, AIRA Factoring and NEC Thailand have prioritized a digital supply chain finance platform that can help manufacturers with easier and faster access to financing , thus contributing to the overall economic growth of the country. Thailand.
About NEC Corporation (Thailand) Ltd.
NEC Corporation officially began operations in Thailand in 1962. With deep expertise and experience in various sectors, NEC Thailand provides cutting-edge technology and enhanced customer experiences in areas such as healthcare systems, community elderly care, including emergency alert system for integrated long-term care, communications, cybersecurity, infrastructure and IT platforms. The company also offers solutions focused on manufacturing, retail and sustainability to build a society where everyone is equally connected, driving long-term social sustainability.
For more information, visit:
Website: https://th.nec.com
Facebook: https://www.facebook.com/NECCorporationThailand/
CONTACT: necare@nec.co.th
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/nec-thailand-partners-with-aira-group-to-launch-a-digital-supply-chain-platform-302347830.html
SOURCE NEC Thailand
