Arteria Technologies: Transforming Supply Chains through FinessArt and Sustainable Innovations
CXOToday has engaged in an exclusive interview with Sriram Kanuri, CEO, Arteria Technologies
- Can you share a brief overview of Arteria Technologies and share key milestones in the company’s journey to date?
– Arteria Technologies, an affiliate of ICICI Bank Group, specializes in digitizing corporate and financial supply chain’s . Arteria is revolutionizing enterprise supply chain practices through its FinessArt suite of products. These solutions extend business processes beyond company walls, connecting with suppliers, transporters, warehouses, and financial institutions. Built on the SAP cloud platform, FinessArt offers complete visibility across the supply chain, decision-making speed, enhanced analytics, and supply chain financing options, streamlining supply chain and financial operations throughout the network.
And to share some key milestones, we are proud to have achieved numerous successes by completing various customer roll-outs within specified timelines. Additionally, our market position has been solidified through strategic deals with industry leaders such as Britannia, Exide, Emami, RSPL Group, HDFC Bank, Axis bank, M&M, Nayara Energy, Tata Steel, Tata Chemicals and more. We have also been covered under the top 25 innovative companies at CII Industrial Innovation Awards 2015. These milestones underscore our commitment to driving innovation and delivering value to our clients in the ever-evolving landscape of digital commerce and supply chain.
- What inspired the creation of the FinessArt suite of products and how it has evolved over time to meet market demands?
– The creation of the FinessArt suite of products was inspired by the recognition of a severe lack of end-to-end visibility into the supply chain, resulting mainly in substantial inefficiency of inventory working capital amongst others. Traditionally, Enterprise Supply Chain and Banking were treated as separate systems, leading to significant operational inefficiencies. FinessArt from Arteria was developed to tackle these pain points by leveraging Automation, Digitization, and Integration throughout the entire process. By addressing these challenges head-on, FinessArt aims to streamline the Supply Chain Network and Finance System of the Enterprise, ultimately meeting market demands through enhanced efficiency and transparency. FinessArt has been a pioneer in embedded finance much before the term became popular.
- How has digitization played a pivotal role in reshaping supply chain practices, and what role does Arteria Technologies play in this transformation?
– Digitization has revolutionized supply chain practices by making processes faster, more efficient, and transparent. Arteria Technologies plays a crucial role in this transformation by providing innovative digital solutions that streamline supply chain operations. Our technologies enable real-time tracking of inventory, automate manual tasks, and enhance communication between suppliers, manufacturers, and distributors. By digitizing supply chain processes, we help businesses reduce costs, minimize errors, and respond quickly to market changes.
Our solutions also enhance visibility across the entire supply chain, allowing businesses to make data-driven decisions and optimize their operations for better performance and customer satisfaction. Overall, FinessArt empowers businesses to adapt to the rapidly changing market landscape and stay competitive in today’s fast-paced environment. Arteria Technologies is at the forefront of this transformation, driving efficiency and effectiveness across the supply chain ecosystem.
- What impact do you foresee digital transformation having on the landscape of supply chain management in the coming years?
– As we look ahead, the impact of digital transformation on supply chain management will be profound. It’s like upgrading from traditional paper maps to GPS navigation – more efficient, accurate, and adaptable. With digitization, we can expect increased visibility across the entire supply chain, making it easier to track products from manufacturing to delivery. Automation and real-time data analytics will be game-changers. Think of it as having a smart assistant for your supply chain – making decisions faster, optimizing routes, and predicting potential disruptions. This not only improves speed and accuracy but also allows for proactive problem-solving.
Digital technologies will enhance collaboration between different stakeholders in the supply chain. We anticipate a more resilient and responsive supply chain that can adapt swiftly to market changes and unexpected events. It will revolutionize how we manage the flow of goods, making supply chains more intelligent, efficient, and better equipped to meet the challenges of the future.
- Arteria Technologies has a strategic partnership with ICICI. Could you elaborate on the implications of this partnership on Arteria’s future growth and development?
Along with ICICI bank we have pioneered the embedded financing and flow-based lending for Indian sub-continent. The biggest beneficiaries have been the erstwhile unbanked businesses that are SMEs. This was done keeping in view the NPA’s for the financial institution should be close to zero. We could achieve this by tying the usage of the Lending to the core business of SMEs on the platform and monitoring the velocity of the business. Together we continue to bring out joint innovations to the market. Currently we are moving on a similar concept for deep tier lending as well. This would help us grow leaps and bounds as Arteria while also keeping the pursuit of overall good to the society as an objective.
- In your opinion, what are the key future trends and innovations in IT product development for the banking and finance industry?
– In the world of banking and finance, the future is bright with exciting trends and innovations. At Arteria, we see four key trends shaping the landscape over the next decade. First off, there’s the rise of networks and ecosystems, where interconnected systems bring efficiency and collaboration. Then, there’s the power of data analytics, Artificial Intelligence, and automation, helping us make smarter decisions and streamline processes. Sustainability is also on the rise, as businesses focus on ethical practices and environmental impact. Lastly, the global workforce is evolving, with remote work and diverse talent pools becoming the norm. At Arteria, we’re right in the heart of these trends, working hard to solve challenges and drive positive change in the industry.
- Considering the fast-paced changes in technology, how does Arteria plan to adapt and innovate in the coming years to maintain its leadership in providing digital solutions?
– We are committed to staying ahead by focusing on adaptability and innovation. Our approach involves staying attuned to emerging trends and consistently upgrading our solutions. We invest in research and development, ensuring our team is well-versed in the latest technologies. This proactive stance allows us to anticipate market needs and tailor our digital solutions accordingly. Additionally, collaboration is key. We actively engage with clients, seeking their insights and understanding their evolving requirements. By fostering strong partnerships, we can co-create solutions that address the dynamic challenges businesses face.
In the coming years, we plan to intensify our efforts in areas like artificial intelligence, data analytics, and blockchain. These technologies hold immense potential for enhancing efficiency and providing valuable insights. By integrating these advancements into our offerings, we aim to not only meet but exceed the expectations of our clients, maintaining our leadership position in the digital solutions landscape.
- Can you outline Arteria’s future roadmap in advancing digital solutions for supply chain management? What are the key focus areas for the company?
– Our future roadmap is driven by key focus areas that prioritize addressing market needs. First and foremost, we are committed to continuous improvement and innovation, ensuring our solutions evolve in tandem with industry demands. We place significant emphasis on product maturity and implementation expertise, aiming to provide seamless and effective tools for our clients. Our native integration to core modules of SAP (ECC/S4H) ensures a single source of SAP data, streamlining operations for enhanced efficiency.
As a SAP certified OEM solution, our commitment to quality and reliability is underscored. We adopt a WYSIWYG playpen approach to delivery, facilitating faster deployment of solutions, allowing our clients to experience the benefits swiftly. Our integrated engine incorporates country-specific localization functionalities, ensuring our solutions align with regional requirements.
Lastly, our closed-loop B2B marketplace caters to corporate industries such as Automotive, FMCG, Oil & Gas, Cement, Apparel & Footwear, Automobile, Consumer Durables, Financial Services, Energy & Natural Resources, and Discrete Industries, offering a comprehensive suite of solutions tailored to their specific needs.
- How does Arteria Technologies aim to address the evolving needs and challenges of its clients in an ever-changing technological landscape?
– Our approach involves a deep understanding of our client’s business requirements. We strive to develop flexible and scalable solutions that can seamlessly integrate into their existing systems. By staying informed about emerging technologies and market trends, we aim to provide our clients with cutting-edge solutions that not only meet their current needs but also position them for future success.
We prioritize collaboration with our clients, maintaining open lines of communication to ensure we are aligned with their goals and objectives. This collaborative approach allows us to tailor our solutions to their specific challenges, fostering long-term partnerships. Our strategy revolves around proactive adaptation, innovation, and client collaboration. By doing so, we empower our clients to navigate the ever-changing technological landscape with confidence and achieve sustained success in their respective industries.
- Could you share any upcoming projects or initiatives that Arteria Technologies is excited about, and how these align with the company’s overall mission and goals?
– Arteria Technologies is thrilled about our upcoming project focusing on enhancing sustainability in supply chains. We’re developing innovative solutions to reduce waste, optimize resource utilization, and promote eco-friendly practices throughout the supply chain network. This initiative resonates deeply with our mission of leveraging technology to drive positive change and create value for all stakeholders involved. By aligning with our overarching goal of promoting sustainability and efficiency, we aim to empower businesses to achieve their environmental and operational objectives seamlessly. Stay tuned for more updates on this exciting venture!
