Connected Financial Supply Chain
CONTENTS
1 Introduction............................................................................................................................... 3
2 From Linear Chain to Connected Transaction Network................................................................. 4 Why Payment Data Is Supply-Chain Data...................................................................................... 5 Partial Shipments: Connecting Goods, Obligations and Payment................................................ 5 The Cost of Broken Links................................................................................................................. 6
3 Data Management: From Support Function to Supply-Chain Capability........................................ 6 Start with Business Outcomes, Not a Governance Committee.................................................... 6 Business Architecture Before Technology Architecture................................................................ 7 A Federated Operating Model........................................................................................................ 7
4 The Data That Holds the Network Together................................................................................. 8 Identity and Master Data................................................................................................................ 8 Transaction and Document Data.................................................................................................... 8 Event and Sensor Data.................................................................................................................... 8 Settlement and Remittance Data................................................................................................... 9 Common Standards, Common Meaning........................................................................................ 9
5 Data Quality as an Operational Control....................................................................................... 9 Critical Quality Controls Across Plan-to-Pay.................................................................................. 9 Measure the Cost of Poor Data, Not Only the Defect Rate......................................................... 10 Prevent, Detect, Correct and Learn.............................................................................................. 10 Quality Across Organizational Boundaries.................................................................................. 10
6 Governance, Transparency and Trust......................................................................................... 11 Govern the Transaction, Not Just the Database.......................................................................... 11 Three Principles for a Trusted Data Chain................................................................................... 11 Security, Confidentiality and Fraud Controls............................................................................... 11 Data-Sharing Agreements as Operating Instruments.................................................................. 12 Avoid Over-Governance................................................................................................................ 12
7 Analytics, AI and the Closed-Loop Supply Chain......................................................................... 12 From Visibility to Decision Intelligence........................................................................................ 12 High-Value Use Cases.................................................................................................................... 13 AI Does Not Remove the Need for Data Management............................................................... 13 A Practical Implementation Roadmap......................................................................................... 13
8 Conclusion: Managing the Whole Chain..................................................................................... 14 9 References................................................................................................................................ 14
TABLES
Table 1: End-to-end Transaction Chain........................................................................................................ 5
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