Feb 12th, 2016

Best Platform Connecting Buyers, Suppliers and Financial Institutions

https://www.gfmag.com/magazine/february-2016/winners-profile-best-supplier-finance-providers-2016

As one of the largest Cloud-based e-commerce platforms, GT Nexus gives 18,000-plus suppliers and 750 buyers tools for doing business in a more cost-efficient manner and leverage the power of data. Brand names such as Levi Strauss, Columbia Sportswear, DHL and Pfizer use GT Nexus’s Cloud-based platform to collaborate with key suppliers. More than 20 financing providers are able to leverage the transactional data captured by the collaborative e-commerce network to extend financing at different stages in the supply chain to the companies most in need of it. GT Nexus recently launched a preshipment financing option for small and standard sellers on its platform. The solution enables bespoke supply chain finance provider Seabury TFX to leverage the transactional history of suppliers on GT Nexus to provide purchase order financing at different stages in the preshipment process.