"What GT Nexus has done is to bridge the gap and now we are able to interface with our external partners. Most of our suppliers have been very happy with the GT Nexus platform and how we have helped them. It is a win-win situation for both of us and …

“We joined GT Nexus in 2009 and now over 90 percent of our customers transact on the GT Nexus platform. The efficiency in the transaction process has improved significantly. We have achieved better control in the timing, system control and system validation.”

“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.”

“Connecting our trading partners on one global network with automated documents and workflows will improve communication from order through settlement. GT Nexus allows us to handle sourcing in-house and manage by exception, reducing costs and minimizing errors. Access and connectivity through the platform allows us to eliminate letters of credit …

"The devil will be in the process rather than in the incentive."

“The GT Nexus platform has helped provide transparency across our supply base on procurement spend-by-vendor. Although this sounds very basic, we can now retrieve this information in a matter of minutes versus in the past, when this was a very manual and time consuming process supported by numerous Excel spreadsheets …

"The Suppliers love GT Nexus because now they have visibility to when they’re going to get paid and they know they are going to get paid on time. This also has helped us in negotiations back and forth on pricing because they know they’re going to get their cash through …

"As the establishment of our fifth factory was in progress, the capital investment credit with SBI was not sufficient. We needed some additional funds. We therefore decided to go with the invoice discounting program wherein we received funds in 5 to 7 days at a reasonable cost instead of 30 …

“The entire supply chain network has become easily accessible to all parties in the chain. The automation of transactions helps to reduce processing time and labor costs.”

"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."

“...we contacted their retail clients to verify whether the story was as good as we had been told. It was better.”

"In projects like this where you are dealing with important data, the people and support are just as important, if not more important than the technology."

“Like any global manufacturer, visibility across our shipments is critical. With GT Nexus we have an information platform which gives us a level of transparency needed to give better service to our customers.”

"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."