B2B Payment Integration Platform Development
Budget: ₹1,500 – ₹12,500 INR
Business Case: B2B Payment Orchestration Platform
Objective
Product Owner will address the challenges in creating a B2B payment orchestration platform designed to facilitate fast, low-cost, and user-friendly payments and settlements for internal and external entities. This platform will target merchants, finance teams, and various supply chain stakeholders like shipping lines, hauliers, freight forwarders, and custom agent brokers.
Background
The company ABC currently faces significant challenges in its payment collection and settlement processes. These challenges include the lack of a standardized payment process across various verticals, reliance on reactive support, inefficiencies due to labor-intensive processes, high transaction and operation costs, and fragmented payment management systems.
Pain Points
No Standardized Process: Payment collection and settlement processes vary by country, company, system, bank, and payment type.
Inefficiency: The need for automated workflows to eliminate labor-intensive and error-prone processes.
Cross-Border Payments: Need for B2B digital payment collection and settlement to reduce cost and overhead while providing convenient payment methods.
Delayed Time to Market: Reactive support and complex processes lead to delays.
High Costs: High transaction and operation costs due to inefficiencies.
Fragmented Management: Fragmented payment management and lack of integrated reconciliation, settlement, and dispute management.
Key Regions
The platform should cover the following regions with their respective regulatory and compliance needs: Africa, Europe, Canada, USA, Latin Americas, APAC, India, and the Middle East.
Tasks
As a candidate, you are required to address the following:
1 Vision and Strategy: Define a North Star vision for the platform and outline the strategy to achieve it.
2 Product Roadmap: Develop a detailed roadmap highlighting key milestones, timelines, and deliverables.
3 Feature List and Prioritization: Identify and prioritize the key features necessary for the platform's success. Additionally, please highlight relevant payment methods for B2B supply chain business.
4 User Story Samples: Write the sample user stories these will be shared with engineering team for the delivery.
5 Stakeholder Management: Outline a plan for managing internal and external stakeholders and their requirements.
6 Challenges and Solutions: Identify potential challenges in developing the platform and propose innovative solutions.
7 Metrics: Define the metrics to measure the success of the platform and efficiency of the team.
Deliverable/s
Provide a max 15 pages deck for 30min presentation that includes:
1 Vision and strategy statement.
2 High Level Product roadmap with timelines and milestones.
3 Envisioned and proposed features with their breakdown(high level details) along with prioritized list of features.
4 Write 3 critical user stories with their acceptance criteria
5 Stakeholder management plan.
6 Proposed solutions to identified challenges.
7 Product success and delivery metrics.
8 Don't forget to justify your assumption and/or proposal
Objective
Product Owner will address the challenges in creating a B2B payment orchestration platform designed to facilitate fast, low-cost, and user-friendly payments and settlements for internal and external entities. This platform will target merchants, finance teams, and various supply chain stakeholders like shipping lines, hauliers, freight forwarders, and custom agent brokers.
Background
The company ABC currently faces significant challenges in its payment collection and settlement processes. These challenges include the lack of a standardized payment process across various verticals, reliance on reactive support, inefficiencies due to labor-intensive processes, high transaction and operation costs, and fragmented payment management systems.
Pain Points
No Standardized Process: Payment collection and settlement processes vary by country, company, system, bank, and payment type.
Inefficiency: The need for automated workflows to eliminate labor-intensive and error-prone processes.
Cross-Border Payments: Need for B2B digital payment collection and settlement to reduce cost and overhead while providing convenient payment methods.
Delayed Time to Market: Reactive support and complex processes lead to delays.
High Costs: High transaction and operation costs due to inefficiencies.
Fragmented Management: Fragmented payment management and lack of integrated reconciliation, settlement, and dispute management.
Key Regions
The platform should cover the following regions with their respective regulatory and compliance needs: Africa, Europe, Canada, USA, Latin Americas, APAC, India, and the Middle East.
Tasks
As a candidate, you are required to address the following:
1 Vision and Strategy: Define a North Star vision for the platform and outline the strategy to achieve it.
2 Product Roadmap: Develop a detailed roadmap highlighting key milestones, timelines, and deliverables.
3 Feature List and Prioritization: Identify and prioritize the key features necessary for the platform's success. Additionally, please highlight relevant payment methods for B2B supply chain business.
4 User Story Samples: Write the sample user stories these will be shared with engineering team for the delivery.
5 Stakeholder Management: Outline a plan for managing internal and external stakeholders and their requirements.
6 Challenges and Solutions: Identify potential challenges in developing the platform and propose innovative solutions.
7 Metrics: Define the metrics to measure the success of the platform and efficiency of the team.
Deliverable/s
Provide a max 15 pages deck for 30min presentation that includes:
1 Vision and strategy statement.
2 High Level Product roadmap with timelines and milestones.
3 Envisioned and proposed features with their breakdown(high level details) along with prioritized list of features.
4 Write 3 critical user stories with their acceptance criteria
5 Stakeholder management plan.
6 Proposed solutions to identified challenges.
7 Product success and delivery metrics.
8 Don't forget to justify your assumption and/or proposal