B2B Payments

Oracle Taps Trinamix To Bolster Supply Chain Apps

Oracle, Trinamix partner

Integrated cloud and platform services provider Oracle is collaborating with Trinamix, a member of its PartnerNetwork, to develop enterprise supply chain management apps.

The companies announced their partnership in a press release Wednesday (Sept. 4), noting that their joint initiative will lead to the latest release of Oracle Supply Chain Management Cloud. The enhancements to Oracle’s SCM solution aim to broaden the availability of sophisticated tools for more business users.

“This co-development is part of our continued strategy to invest in Oracle Cloud Applications and build deep expertise working with Oracle to solve our customers’ problems,” said Trinamix Co-Founder Molly Chakraborty.

Trinamix Co-Founder Amit Sharma added: “this relationship with Oracle positions us to help our existing and potential customers to leverage Oracle platforms for faster time to market and increase their supply chain efficiency by reducing costs.”

The company said that by joining the Oracle Co-development program, Trinamix can connect more businesses to supply chain management tools offered by Oracle.

“Oracle is committed to delivering future-ready supply chain management to its customers,” added Oracle Chief Sustainability Officer and Group Vice President, SCM Strategy Jon Chorley in another statement. “As a part of this goal, Oracle is pleased to be collaborating with Trinamix, who bring deep expertise and cross-industry knowledge of planning and manufacturing solutions.

“This, together with Trinamix-developed, industry-specific PaaS-based solutions that extend the Oracle SCM Cloud platform, helps the delivery of optimized supply chain solutions to the market,” Chorley continued.

In June, Oracle expanded its supply chain management offering with a target on the retail sector. The company introduced enhancements to the Retail Brand Compliance Management Cloud Service to broaden retailers’ ability to monitor and manage their supply chains.

That solution includes the ability for retailers, restaurants and manufacturers to track their products, create certified labeling details and promote compliance.

About a month later, Oracle’s enterprise blockchain service went live, offering business users a way to create and manage their own blockchain networks for a range of use cases, including supply chain management.


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.