We built a Cross-Border Payment and Remittance Network that helped customers as well as merchants to get cash from international transactions instantaneously. Our private Blockchain has helped many restaurants launch – Group Loyalty Points and Payment Redemption. It makes it possible to provide nearly instant verification of credentials for quick and easy cash transfers.

Key features of the group discounts activation:

We helped the client launch cross-border customer loyalty program for a restaurant chain

As a part of the program, customers and corporates were able join a group-discounts offer plan

Merchants/Restaurants could also give away eGiftcards that can be redeemed by customers

eGiftcards’ receivers could redeem it over luncheon, dine out and breakfast outings 

Encourages customers to form groups centred around a sales-goal milestone.

Gamifies the whole experience and push the entire group towards achieving the sales milestone.

Launches a front-end that give the customer a collective experience of reaching the group target.

Enables sharing for the participants to promote the group deal to everyone in their network.

Empowers the participants to invite and enlarge their social circle of participant peers.

Makes sure every participant gets the deal once the milestone is completed.

Traditional payment methods involve multiple intermediaries with each one taking a cut and adding its layer of time and complexity. These traditional mechanisms involve an issuer, a clearing house, an acquirer organization, a wallet, a merchant website and more of such nodes through which money would pass through in a Bi-directional manner.

It can take anywhere between 24 to 72 hours to process payments and it would also involve a charge of 3% or more as transaction fees. This is on account of currency transfer procedures which can stall the transfer of funds in transit. That is where our Blockchain API expertise steps in to show financial institutions and Banks how to reinvent their settlement mechanisms by creating a network of interconnected network of Fintech companies and Banks to moves money, manages foreign exchange, and mitigate fraud.

By creating Blockchain API that connects with multiple networks, our experts are making it easy to send and receive funds in real-time. Our innovative solution is enabling our Financial Services Client to help their customers mitigate the barriers of currency, time, and geography. By building a unique Instant Settlement Network, we are delivering financial value that can move more reliably and much faster at much lower costs anywhere in the world. We are facilitating these transactions while screening all the payments as per all the regulations.

Our Blockchain API integrations also make it very easy to access data on transactions, create or share smart contracts, update account balances, transact using Crypto currency, etc. In other cases, our Blochchain APIs also allow users to interact with Decentralized Financial Networks as well as traditional Banks in new and innovative ways. Using our expertise, you too can build a network that can connect to multiple Blockchain Data from one place – NFTs, tokens, Crypto, Wallets, NFT, GameFi, DeFi, and more.

For manufacturers, the ability to fulfill demand into the future is one of the top priorities for the operations managers. However, it still remains a challenge to see the future demand in a manner that aids the manufacturing process. Using Salesforce, manufacturers can only document or identify details of any specific order in the pipeline.

Ideally, manufacturers also need to see the material that goes into an order and the status of their procumbent to execute the order. A typical Salesforce-based system would not help look into the concerns of production demand. It would only consider the items included on a completed Sales Order, which does not give an accurate picture of the cycle time. An accurate view of the cycle time is, therefore, essential to predict the amount of time required for a process to produce one unit.

When you think of international trade, it is mostly underpinned by transactions that takes place between importers and exporters of goods. The banking system plays a key role here as an arbitration channel that helps manage both the parties to conduct business within acceptable terms. It therefore involves international trade regulations, foreign exchange rates, and more.

This requires procedures such as opening an account and securing Letters of Credit (LOC) whereby the buyer’s bank provides the seller a guarantee to make the agreed payment on behalf of the buyer. The Bank therefore needs to assess Contract Documents, KYC Documents, Mortgage Documents, etc., to evaluate the creditworthiness liquidity/guarantee seekers. Timely evaluation of the risks can help the bank’s treasury management team to perform their tasks faster.

New-age Banks therefore need Contract AI assistants and digital worker bots to help their time-deficient Treasury Management teams. It will help them capture data accurately from multiple documents and input them accurately in tranches where they need to be. 

A large financial institution from the US wanted to streamline the process of issuing Letter of Credits (LOCs) to its member banks. These banks were its partners who were depending on its support for liquidity, asset/liability management, and housing, community, and economic development activities. An L/C acts as a promise made by the Bank on behalf of the member to make payments to a third-party beneficiary in the event of a default of performance.  

The daily tasks for the Bank’s employees involved generating several reports: Daily Reports, General Ledger Reconcilement Reports, Daily Transaction Journal Repot, Amortization of Fees, Commitment listing Report, Commitment Summary Report, etc. The older legacy platform made it difficult for the Bank’s employees to perform reconciliations at the end of the day by matching the member bank’s commitment request details, tracing the changes, and finally tallying it with the commitment. The commitment amount mentioned in the LOC is issued after multiple credit check processes. 

The legacy application interface was build using PowerBuilder and migration to Java brought the flexibility required to add new automation capabilities. The migration makes it easy for the bank to make rapid changes in its framework while supporting an open, flexible platform development environment. Using Sun Technologies’ automated migration tools, our Solution Architects completed the project in rapid sprints to successfully launch the new application. It has helped convert all PowerBuilder app functionalities to a Java-supported modern web architecture and interface. 

A typical challenge faced by most retail manufacturers is often due to information being captured differently by their field service management software, ERP, and CRM. Due to an absence of cohesion between different systems, most Retail and FMCG manufacturing companies can’t identify clients, respond to changes in the demand, or address customer trends on time.

Sun Technologies’ solution architects are partners to some of the largest retailers in the US for solving this problem. Our experts are able to show retailers how a mixed bag of technology can be made more cohesive using workflow automation to distinguish between – active customer interest, customer demand, online buyers, and payers.

By using demand forecasting automation, you can become 400% faster speeds in predicting demand for particular products or services. This generally entails looking at specific data sets that characterize inventory status and sales to estimate all future needs. 

Forecasting automation can also help maximize profits by speeding-up the cycle-time for predicting inventory of high-demand products and preventing the depletion of high-demand product stocks. 

Using Sun Technologies’ award-winning workflow automation solutions, you can implement an end-to-end automated, demand forecasting process. The solution can be easily integrated into any aspect of your operations – email, ERP, CRM, Databases, etc. to provide prediction for all SKUs with impeccable accuracy. 

We specialize in automating Demand Forecasting and CAPEX/ OPEX Planning for diverse industries. Our solution architects are building automation layers that pull data from e-mails, POS, CRM, CDP, ERP, warehouses, documents, files, folders, and any device – to create automated forecasting & planning workflows.

Without proper financial models and technology in place, it is hard for business leaders to keep a track of overhead and business costs. Sun Technologies’ workflow automation layering and data connectors represent the fastest way to gain valuable insight into how its business activities impact the bottom line.

Eliminate financial loss:

Prevent revenue leakage – overpayments, dispute resolution, and support costs.

Eliminate off-contract spend:

Get more visibility to effectively manage spend and avoid spend leakage

Improve Compliance:

Reduce risk exposure, improve governance, comply with agreed terms

Faster contract cycles:

Close contracts faster, remove bottlenecks and inefficiencies

Improve customer experience:

Meet all contract SLAs to meet customer expectations

A large US-based community bank wanted to reimagine user experience offered to their network member banks and community lenders. Sun Technologies helped build an online platform that enables authorized users from member banks to remotely and securely obtain account balances and perform business transactions (Advances, Wire Transfers and Book Wires).

While the bank wanted to modernize online banking experience for the end-users using the latest technologies such as Representational State Transfer (REST) Application Programming Interface, their legacy backend was built on Service Oriented Architecture Protocol (SOAP).  and the other with traditional frameworks. After examining the time taken by the techniques to render the web page to the user, and the availability and scalability of the software, we will understand the need for the new technologies in the banking and financial sectors.

The time taken by the legacy framework to render the web page to the user was a challenge that made the migration necessary. Modernizing, upgrading, and supporting the legacy applications is an extremely time-consuming, expensive, and risk-prone process. Sun Technologies helped the bank to connect the banks legacy data and framework with a modern UI/UX.

Our developers helped the client introduce new-age digital experiences that allowed the bank’s network of lender financial institutions to make advances to their local community of loan seekers. Faster transaction time required changing the operating model and migrating from an older tech stack to a new one. To fulfill this objective, Sun Technologies implemented – Angular (Frontend), Springboot (Backend/server side), Hibernate (ORM layer), Security (LDAP authentication).