“This partnership is a game-changer as we can tap into ICICI corporate customer base to offer our solutions. Businesses will be able to instantly issue corporate cards on TERA Cloud Platform and set various controls to manage the spending in real-time”, Madhu Tera added.
BOSTON (PRWEB) September 29, 2020
Financial technology company Terainium, LLC. announced today that they entered into an alliance partnership agreement with ICICI Bank, one of the largest private banks in India, to offer corporate cards based enterprise spend management, supply chain payment solutions on its FinTech SaaS Platform, TERA Cloud.
With TERA Cloud, enterprises can digitize their supply chain transactions, automate Accounts Payable and Accounts Receivables and accelerate revenue recognition. Combining solutions like spend management, supply chain payments under single platform, TERA Cloud is empowering businesses to cut cost and automate a lot of their existing spend and accounting processes.
“We are thrilled to partner with ICICI Bank to enable the most advanced FinTech solutions on TERA Cloud SaaS platform. TERA Cloud helps businesses automate their entire supply chain transactions and offers one easy place to control, manage and track the organization’s spending in the cloud,” said Madhu Tera, Founder and CEO of Terainium. “We are building several key strategic partnerships and our partnership with ICICI Bank enables us to offer advanced FinTech solutions to Indian businesses”.
“This partnership is a game-changer as we can tap into ICICI corporate customer base to offer our solutions. Businesses will be able to instantly issue corporate Visa cards on TERA Cloud Platform and set various controls to manage the spending in real-time”, Madhu Tera added.
TERA Cloud is a secure enterprise FinTech SaaS platform developed by Terainium. Using TERA Cloud, enterprises can digitize their supply chain transactions, automate Accounts Payable and Accounts Receivables and accelerate revenue recognition. TERA Cloud can eliminate manual intervention and reduce costs exponentially by reducing the buying cycles, cutting supply costs, and lower the processing costs. For more info: http://www.tera.cloud/
About ICICI Bank
ICICI Bank is India's largest private sector bank by consolidated assets, It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. ICICI Bank is one of the Big Four banks of India.
The bank has subsidiaries in the United Kingdom and Canada, branches in United States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China and South Africa as well as representative offices in United Arab Emirates, Bangladesh, Malaysia and Indonesia. The company's UK subsidiary has also established branches in Belgium and Germany. For more info: https://www.icicibank.com/
Madhu Tera, Founder/CEO