Case Study: Digital Ventures achieves faster, lower-cost procure-to-pay with R3 Corda Enterprise

Digital Ventures - Customer Case Study

Digital Ventures, the fintech subsidiary of Siam Commercial Bank, was looking for a faster, more transparent way to handle procure-to-pay across complex supply chains. Traditional processes relied on paper documents, manual verification, and multiple systems, creating delays, high costs, fraud risk, and challenges for invoice financing. R3’s Corda Enterprise platform was chosen to address these issues in a closed-loop environment where sensitive pricing and transaction data had to be tightly controlled.

Using R3’s Corda Enterprise, Digital Ventures built B2P, a blockchain-based procure-to-pay platform that lets buyers, suppliers, and banks share purchase orders, goods receipts, and invoices with role-based visibility and real-time tracking. The solution automated the process, reduced procurement cycle time by 50% and costs by 70% for early adopters such as Siam Cement Group, and enabled faster, lower-risk invoice financing. R3’s platform also helped improve transparency, reduce errors and fraud, and support future expansion into additional supply chain finance services.

Digital Ventures

Orapong Thien-Ngern

Chairman