“The company made some big bets, and not at the most usual times. From a supply chain perspective, that’s a fun problem to have, to have to put these things together.”
"RTS has the ability to provide unique solution-driven funding via the platform. RTS provides both recourse and non-recourse funding directly to vendors at various points in the transaction cycle."
“There are very limited avenues to get finances. It is very helpful when buyers extend supply chain finance arrangements which enable exporters to get fund at optimum cost and rotate money faster.”
“We rely on GT Nexus for payment settlement. By using GT Nexus to manage our supply chain, we have become more efficient in handling the shipping documents. Hence, manpower is saved. The accuracy of documentation has been improved.”
"IFC provides suppliers in emerging economies with access to competitively priced financing through our Global Trade Supplier Finance (GTSF) program. This allows program members to sell invoices to IFC for early payment on a “true sale” non-recourse basis at rates based on their customer’s credit rating."
"For Pfizer being agile and flexible is paramount. Cloud-based was a way to have a plug and play strategy where we could be adaptive and flexible. We wanted a platform that was scalable and could rapidly respond to those different changes."
"We needed to manage and really understand what’s going on with our external trading partners."
“GT Nexus connects our whole supply chain network and ensures everyone is working from the same data at all times. Workflow automation and financial services on the GT Nexus network allow us and our suppliers to reduce costs and increase speed and efficiency.”
"Our new cloud visibilty system from GT Nexus coordinates the flow of finished goods from the factory to nominated carriers while supporting logiostics constraints and customer requirements. It also provides visibilty to order status from factory to delivery, leveraging track and trace milestones across the globe and allowing for Web and EDI inputs from our trading partners and carriers."
“Now we use all services available on the platform, from shipment to payment, including invoice discounting. Approximately, on average more than US$3 million worth of transactions is handled through GT Nexus every month.”
“Visibility is an initiative that touches our finance, inventory control, merchants, distribution center, and logistics teams, so the domino effect of poor data is extensive.”
“By adopting the Supplier Financing program, Tata Accesorios Globales gets paid faster at better terms and no longer endures high borrowing costs and hidden fees imposed by local banks.”
"GT Nexus comes with a pre-connected community of industry providers who are already active on the platform supporting other large shippers. That is a significant advantage."
"The GT Nexus software allows for a balcony view of the status of shipments and payments. Suppliers are clear... we’re clear. And payment is executed on time."
“The name of the game is money, and when you get your money before you expect it, it’s priceless."