B2B Payments

Merger Set To Boost Supply Chain Industry

Supply chain management software companies Accellos and HighJump Software announced that they are going to merge and continue to operate under the HighJump name. However, the new company will use the Accellos brand name for mid-market supply chain execution technology.

The newly formed organization will focus on the needs of retailers, distributors, manufacturers, and logistics service providers. HighJump will work to manage complex order fulfillment cycles and collaborate with supply chain partners.

“Discussions with our customers have made it clear that omni-channel is a catalyst for rethinking their supply chain and its underlying technology,” Accellos founder and CEO Michael Cornell said in a statement, according to Fleet Owner.

The news source reported that Cornell will be the CEO of the new HighJump firm.

Supply chain management has been evolving over the last few months. Earlier this year, five organizations joined forces with the International Chamber of Commerce (ICC) Banking Commission to regulate and synchronize market terminology for global supply chain finance products and services. The project is going to cover the global Supply Chain Finance Industry’s need to address the necessity for greater coordination within the trade finance industry and will extend to products and services offered by financial institutions such as banks and factoring and forfeiting companies.

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