GT Nexus acquisition of TradeCard last year was a game changing move in the Supply Chain Finance ecosystem. The companies were leaders and pioneers in their respective industries and combined, now present a best-of-class cloud-based technology platform that links companies together in vast commerce network. The world’s largest enterprises rely on GT Nexus’s advanced business collaboration to better manage physical and financial supply chain processes on a global scale with thousands of trading partners.
PayStream has monitored this transition closely over the past year. The true benefits of combining GT Nexus capabilities with TradeCard have begun to show; they are now the world’s largest cloud commerce network with over 25,000 clients managing over $100 billion in goods globally. Verticals include nearly every industry from consumer goods and manufacturing to pharmaceuticals and logistics. GT Nexus reports that the best supply chains synchronize the movement of goods, funds and information seamlessly. Their solution does exactly that, from order issuance to shipment to payment, GT Nexus enables users to improve working capital, reduce risk and cost of goods and increase visibility and agility between trading partners. By leveraging early payment programs, pre- and post-export financing, payment protection, and local expertise, users achieve greater returns on cash, enhanced supply chain working capital, and improved order fulfillment and payment protection which yields a lower cost of goods and favorable financing rates.
PayStream Advisors will continue to monitor this industry leader and are excited to see what they have in store in the future for the supply chain finance market.
