MUHIDE Fintech Solution
DETASAD in partnership with RATL presents:
MUHIDE, a FinTech platform that uses the latest secure technology to deliver value, credibility, efficiency and transparency to full End to End supply chain management and trade finance.
MUHIDE Platform?
MUHIDE aims to enhance the national economy growth by redefining operational efficiencies and adding value to Corporate, Investment firms, Real Estate Development, Insurance firms, banks and even charities associations.
MUHIDE, a blockchain enabled platform, is optimizing the trade finance and supply chain operations by digitizing the whole process, mitigating credit & operational risks and enhancing transparency with authentication to increase credibility throughout the trade cycle. MUHIDE uses the latest technologies to help smooth the rough edges of trade relationships and ease major pain points, it’s a platform that does not only streamline and automate the process but also supports all stakeholders and empowers SMEs, one of the main objectives of KSA Vision 2030.
Fintech Solutions
Challenges
 Lack of visibility in
credit utilization |
| Huge operational risk and
possibility of fraud |
| Overload of manual work
leading to increase in cost and human errors |
| Projects failure and bad
debts resulting from the misuse of local LCs and cash |
| The internal unforeseen
situations that may result in bankruptcy |
| Lack of SMEs support |
MUHIDE Solutions
| Implementing key goals of
vision 2030 (financial inclusion, SME empowerment, digital transformation,
prevention tool etc) |
| Reducing operational risk
and credit cost |
| Offering a full
digitalized credit utilization, supply chain and trade finance platform |
| Providing extra layer of
security and transparency using Block Chain Technology |
| Encouraging local and
international investors and supporting SMEs |
| Offering an advance
liquidity management and enabling a new revenue stream to be generated |
MUHIDE Solutions
MUHIDE Benefits
Growing investment
MUHIDE enables Investors to increase their volume of business and
grow their
customer base – allowing them to invest locally and internationally, in all business
industries.
Issue credit and contracts with confidence
The easy to use platform offers the Customers full transparency at
all stages of the
credit contract fund utilization and issuing process. The platform protects
customers from unforeseen issues and unauthorized actions thereby greatly reducing
risk with increased accountability.
Live progress at a glance
Our customers have full transparency of every action taken
throughout the whole
lifecycle of the process. From delivery tracking to supplier commercial invoice,
the customer gains deeper insights over time by accessing data drawn from
previous projects to make more informed decisions for future business.
Constant reassurance
MUHIDE provides customers with the reassurance that materials,
services, and
logistics committed to a project are fulfilled on time and as agreed. MUHIDE
removes unreliable elements of the process, reducing the operational risk
and increasing efficiency and commitment.
Transaction authentication and clarity
The platform has integrated steps that permit suppliers to upload
documents and for
customers to electronically authenticate, MUHIDE level of transparency also
highlights the appropriate intervention points in the project to review how credit
is being utilized.
A new way to help the economy
The comprehensively supported MUHIDE platform provides its
customer base with full
freedom to set the preferred level of control over fund utilisation. No matter how
the level of control per project is adjusted, the results will reflect positively on
the local economy without any new regulations that may slow the local development.
MUHIDE did not automate the process and payment only, as we give high consideration
to users’ behaviors.
MUHIDE’s added Value:
MUHIDE is adding value to all trade network stakeholders
Banks:
- Reduce manual work and human errors
- Obtain end to end visibility and insights
- Improve customers experiences
- Mitigate operational and credit risks
- Enhance compliance
Buyers:
- Build trustworthy relationships with suppliers
- Automate and monitor critical activities
- Reduce manual and administrative tasks
- Get real-time visibility
- Eliminate hidden financial liability and/or fake delivery and invoices.
Suppliers:
- Get timely payments for outstanding invoices
- Enhance cash flow management
- Able to handle disputes and fraud
- Benefit from lower fees
Government:
- Protects the economy from sudden chain collapses
- Empowers and protects SMEs
- Fights parallel markets and tax evasion
- Boosts GDP and economy growth
- Reduces court disputes
- Great support to SME
- Effective tool to encourage local & foreign investment.
For more info, please don’t hesitate to contact us on
T: +966 92000 1221 Or E-mail to: sales@detasad.com.sa