B2B Payments

GT Nexus Unveils Supplier Cash Flow Program

As a supply chain management software provider, GT Nexus has a lot of hearty competition. That hasn’t stopped GT Nexus from gearing up against industry giants like Oracle and SAP.

Part of the company’s strategy is to bolster its financing services, meaning business customers that use GT Nexus SaaS to manage their supply chains can also manage their cash flow. In an announcement this week, GT Nexus revealed a new plan to revamp its supply chain financing options, and according to reports published Wednesday (June 10), the details are finally surfacing.

The firm is reportedly launching a two-tiered financing system to service suppliers of all sizes.

Its Small Seller program will provide up to $100,000 and will offer post-shipment financing as well as post-order financing. The Standard Seller program will offer even more working capital of post-order and post-shipment financing, as well as provide an early payment discounting service.

The financing will be supplied by Seabury TFX, according to reports. Seabury TFX President Robert Lin told reporters that the sign-up process for the new program will be easy, and that GT Nexus is aiming for a two-day turnaround to respond to applications.

For Seabury TFX, Lin added that the company is well aligned with GT Nexus’s customer base. “The future is to build this so we can securitize,” he said, adding that Seabury TFX will benefit from the business customer data that results from the program. “We will be able to see various data points about the transactions. What Seabury does is use that data and bring in some transactional data to look at historical performance and what are the suppliers ongoing transactions on the platform.”

In other words, the data will provide financers with a new level of insight into borrowers’ risk assessment.

Moving forward, Seabury TFX also said that a broader range of supplier financing products may soon come to light. For example, the company operates a unit that provides forex services, hinting that the program could expand internationally.


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