TASConnect is a wholly owned subsidiary of SC Ventures by Standard Chartered which builds and invests in breakthrough ventures in and beyond banking. Through this synergy xSuite will bring TASConnect’s working capital solutions – including payable financing, dynamic discounting, and receivable financing – to its ecosystem. This bidirectional arrangement creates a powerful synergy by linking enterprises, thereby enabling them to seamlessly integrate process automation with financial agility, delivering improved liquidity, enhanced transparency, and stronger supplier relationships.
At the same time, TASConnect will introduce xSuite’s advanced invoice automation and SAP archiving capabilities to clients and prospects globally, enabling these businesses to streamline procurement-to-pay processes, accelerate invoice verification, and enhance operational efficiency.
Madhivanan Periannan, Chief Commercial Officer of TASConnect, said: "Invoice automation and working capital optimization are two sides of the same coin. By combining these capabilities, we empower businesses to reduce complexity, unlock cash flow, and accelerate digital transformation."
This collaboration reflects TASConnect’s commitment to delivering end-to-end solutions that drive efficiency and growth across global supply chains.
Jan Bienefeld, Vice President International Partnerships & International Sales, at xSuite, added: “We’re very pleased to partner with TASConnect. Our portfolios complement each other exceptionally well, enabling us to offer SAP customers in Asia an even more compelling solution package, with a clear focus on scalable, compliant process automation.”
About TASConnect
Headquartered in Singapore, TASConnect is a wholly owned subsidiary of Standard Chartered. Its bank-agnostic platform delivers end-to-end working capital and supply chain finance solutions, offering enterprises enhanced visibility, liquidity optimisation, and seamless integration with existing systems such as ERPs. TASConnect co-creates with clients to transform complex supply chains into unified financing ecosystems.
Learn more: https://tasconnect.com
At the same time, TASConnect will introduce xSuite’s advanced invoice automation and SAP archiving capabilities to clients and prospects globally, enabling these businesses to streamline procurement-to-pay processes, accelerate invoice verification, and enhance operational efficiency.
Madhivanan Periannan, Chief Commercial Officer of TASConnect, said: "Invoice automation and working capital optimization are two sides of the same coin. By combining these capabilities, we empower businesses to reduce complexity, unlock cash flow, and accelerate digital transformation."
This collaboration reflects TASConnect’s commitment to delivering end-to-end solutions that drive efficiency and growth across global supply chains.
Jan Bienefeld, Vice President International Partnerships & International Sales, at xSuite, added: “We’re very pleased to partner with TASConnect. Our portfolios complement each other exceptionally well, enabling us to offer SAP customers in Asia an even more compelling solution package, with a clear focus on scalable, compliant process automation.”
About TASConnect
Headquartered in Singapore, TASConnect is a wholly owned subsidiary of Standard Chartered. Its bank-agnostic platform delivers end-to-end working capital and supply chain finance solutions, offering enterprises enhanced visibility, liquidity optimisation, and seamless integration with existing systems such as ERPs. TASConnect co-creates with clients to transform complex supply chains into unified financing ecosystems.
Learn more: https://tasconnect.com
