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GT Nexus redefines supply chain finance with big data

Thursday 11 June 2015 08:23 CET | News

GT Nexus and trade finance solutions provider SeaburyTFX have unveiled a funding program that leverages big data on the GT Nexus platform to deliver suppliers access to low cost capital.

The program opens the flow of capital into the supply chain by basing funding decisions on the trading partners’ performance history, instead of the buyer’s or supplier’s credit. The announcement was made at Bridges 2015, a cloud supply chain industry event being held June 8-11, 2015 in Hollywood, Florida.

GT Nexus provides a legal framework and compliance engine for B2B commerce that helps ensure clean and compliant transactions on more than USD 100 billion in global business annually.

Traditional supply chain finance programs look at a company’s profitability, cost of goods, sales figures and growth projections for the region. Collecting and interpreting data can take weeks given lack of standards in both documentation and pricing methodologies.


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Keywords: GT Nexus, supply chain finance, big data, SeaburyTFX, trade finance, B2B commerce, legal framework, compliance engine
Categories: Banking & Fintech
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Countries: World
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Banking & Fintech






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