OAKLAND, CA--(Marketwired - Jun 12, 2014) - GT Nexus announced today that it has been selected as the winner of two of Global Finance magazine's World's Best Supply Chain Finance Provider awards. GT Nexus was recognized as:
- Best Global Supply Chain Finance Provider - Non Bank
- Best Platform Connecting Buyers, Suppliers and Financial Institutions
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.
"We help companies optimize capital and reduce related cost and risk by delivering a variety of financial products in a bank neutral environment," said Kurt Cavano, Founder and Chief Strategy Officer of GT Nexus. "GT Nexus enables companies to truly leverage the value of their supply network. Buyers have transparency and visibility across trading partners and steps in the transaction process. Suppliers can manage all of their orders across various buyers, but more importantly, they have access to capital earlier, and at more frequent stages in the production lifecycle at competitive rates. Financial institutions have a clear picture into parties and their end-to-end supply chain performance. This allows capital to be inserted more freely into the supply chain to reduce risk, burdens and cost for the entire network."
More than 25 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 .
Contact: Bryan Nella GT Nexus +1-212-405-1855 bryan.nella@gtnexus.com