SOURCE: GT Nexus

GT Nexus

January 29, 2015 16:01 ET

GT Nexus Captures Three of Global Finance Magazine's "World's Best Supply Chain Finance Provider" Awards for 2015

Cloud Platform Provider for Direct Procurement Recognized for Connecting Thousands of Trading Partners in a Single Network to Unlock Capital and Mitigate Risk

OAKLAND, CA--(Marketwired - January 29, 2015) - GT Nexus announced today that it has been selected as the standalone winner of two of Global Finance magazine's World's Best Supply Chain Finance Provider awards. GT Nexus was recognized for:

  • Best Inventory Management
  • Best Platform Connecting Buyers, Suppliers and Financial Institutions

GT Nexus's partnership with IFC, part of the World Bank Group, received the award for Best Customer Implementation of Supply Chain Financing Solution.

GT Nexus secured the highest number of wins in the Global awards category.

Global Finance launched the awards in recognition of the growing significance of the supply chain and the various financing solutions that are now available to enhance working capital and optimize DSO and DPO for buyers and suppliers.

"Supply chains face a growing number of challenges in today's volatile times," said Sean Feeney, CEO of GT Nexus. "Global economic headwinds are impacting profitability across all industries and a major focus is shifting inward, toward carving out new efficiencies and processes to lower cost and risk. The companies that operate as global business networks and plug in necessary resources for managing working capital and inventory have a clear advantage in times of economic uncertainty. When capital and data flows freely between trading partners, it reducing risk and generates savings for the entire network." 

More than 30 financial institutions provide financial services to 25,000 companies on the GT Nexus platform.

About GT Nexus
GT Nexus operates the world's largest cloud-based business network and execution platform for global trade and supply chain management. Over 25,000 businesses across industry verticals, including adidas Group, Caterpillar, Citi, Columbia Sportswear, DHL, Electrolux, Levi Strauss & Co., Nestlé, Pfizer, and Sears share GT Nexus as their standard, multi-enterprise collaboration platform. This enables all network participants to operate against a core, real-time and always on set of information across multiple supply chain functions, allowing them to optimize the flow of goods, funds and trade information, from the point of order through final payment. For more information please visit us at www.gtnexus.com.

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