a片免费看

  • <object id="mfqpr"></object>
      1. <p id="mfqpr"></p>
        <pre id="mfqpr"></pre>

          <p id="mfqpr"><strong id="mfqpr"><small id="mfqpr"></small></strong></p>
        1. <object id="mfqpr"><strong id="mfqpr"></strong></object>
        2. Home / Knowledge / News / SOFTWARE/CAD/CAM / Infor & DBS Bank to integrate digital trade financing

          Infor & DBS Bank to integrate digital trade financing

          23
          Jul '20
          Pic: Infor
          Pic: Infor
          Infor is partnering with DBS Bank to integrate digital trade financing capabilities into Infor Nexus global network of more than 68,000 businesses. The two companies' first joint programme went live recently with one of the world’s largest apparel companies, providing faster and more cost-efficient digital trade financing to suppliers in its supply chain.

          “This is an important relationship for Infor, where a common vision of data-driven financing bonds us and presses us forward,” said Gary Schneider, vice president of sales for Infor financial supply chain management. “DBS is a digital bank, based in Asia, focused on supplier funding and liquidity. Its pursuit of digital innovation and delivering greater value to supply chains, combined with our cloud-based platform and local support team around the globe, makes for a powerful partnership at a time when liquidity is a top priority for everyone.”

          “We continue to accelerate the deployment of our market-leading supply chain financing and digital capabilities to ensure steady financing to SME suppliers during these times of stress. Data forms the backbone of a successful digital strategy, and its impact across multiple industries globally has been growing exponentially,” said Sriram Muthukrishnan, group head of trade product management at DBS Bank.

          “Our collaboration with Infor enables greater transparency into complex supply chains and provides insights into the transaction patterns between an anchor and its ecosystem of suppliers. We leverage these insights to provide quicker and more cost-efficient financing to suppliers much earlier in the cycle, as compared to conventional post-shipment supplier financing programmes. This is especially relevant today, as we continue to operate in an environment characterised by prolonged trade disruptions and tighter credit lines, where optimal working capital management is key to survival."

          The two companies' next joint programme for pre-shipment finance, expected to launch in late 2020, will utilise supply chain data as the primary conduit to assess risk and credit worthiness, as opposed to traditional models that result in the majority of suppliers being underfunded or facing challenges to access necessary capital. Infor provides extensive supply chain data, including historic and real-time milestone information on the physical movement of goods to enable a data-driven representation of a supplier's performance and credit risk.

          “In the next three years, the competitive frontier in corporate lending and supply chain finance will be the creation of innovative credit risk models that banks will use to leverage corporate supply chain process data. Banks will capture and analyse events in the physical supply chain (source-to-pay, order-to-cash) in order to generate a more comprehensive and realistic representation of a company's risk profile,” said a research report from Aite Group analyst Enrico Camerinelli (The Supply Chain Bank, 2018)

          DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

          Infor is a global leader in business cloud software specialized by industry. With 17,000 employees and over 67,000 customers in 178 countries, Infor software is designed for progress.

          Fibre2Fashion News Desk (PC)


          Must ReadView All

          Pic: Shutterstock

          Apparel/Garments | On 12th Sep 2020

          $2 hike in minimum wage for Cambodian garment workers

          The Cambodian government recently decided to raise the minimum wage...

          Pic: Shutterstock

          Textiles | On 12th Sep 2020

          Sri Lanka mulls raising garment production in rural areas

          Sri Lankan batik, handloom and apparel minister Dayasiri Jayasekara...

          Pic: Shutterstock

          Textiles | On 12th Sep 2020

          UNCTAD suggests reforming multinational trading system

          The COVID-19 pandemic is likely to reverse much of the economic and...

          Interviews View All

          C. Dhandayuthapani, Mag Solvics Pvt. Ltd

          C. Dhandayuthapani
          Mag Solvics Pvt. Ltd

          ITME 2016 exploited our full strength like never before

          Abhimanyu Singh Rathore & Barbara Anna Kosiorek, Kannbar

          Abhimanyu Singh Rathore & Barbara Anna Kosiorek
          Kannbar

          ¡®Blending cultures is the true beauty of fashion, where one¡¯s imagination...

          Darshan Mehta, Infinium Polychem

          Darshan Mehta
          Infinium Polychem

          We are spending double digit figures on R&D

          Matthias Eilert,

          Matthias Eilert

          Germany-based Forbo Movement Systems division is a global leader in...

          Pietro Turrin,

          Pietro Turrin

          Industrie Tessili Bresciane (ITB) has served numerous industries and...

          Paolo Crespi,

          Paolo Crespi

          Japan's Epson, a leader in digital textile printing, Italy's For.Tex, a...

          Paige Mullis, Glen Raven Inc

          Paige Mullis
          Glen Raven Inc

          Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

          Michaela Griggs & Peggy Schulz, Barco Uniforms

          Michaela Griggs & Peggy Schulz
          Barco Uniforms

          Founded in 1929, Barco Uniforms started as an apparel company for beauty...

          Matthew Kolmes, Supreme Corporation

          Matthew Kolmes
          Supreme Corporation

          Supreme Corporation manufactures innovative specialty yarns and safety...

          Robert Brunner, Devereux

          Robert Brunner
          Devereux

          Golfwear and menswear brand Devereux is set for greener pastures. Robert...

          Cigdem Akin, Cigdem Akin

          Cigdem Akin
          Cigdem Akin

          She has carved a niche for herself as the national brand of Turkey. Her...

          Samar Firdos, Arvind Ltd

          Samar Firdos
          Arvind Ltd

          <b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

          Press Release

          Press Release

          Letter to Editor

          Letter to Editor

          RSS Feed

          RSS Feed

          Submit your press release on


          editorial@fibre2fashion.com

          Letter To Editor






          (Max. 8000 char.)

          Search Companies





          SEARCH

          Leave your Comments


          September 2020

          Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


          Advanced Search



          a片免费看

        3. <object id="mfqpr"></object>
            1. <p id="mfqpr"></p>
              <pre id="mfqpr"></pre>

                <p id="mfqpr"><strong id="mfqpr"><small id="mfqpr"></small></strong></p>
              1. <object id="mfqpr"><strong id="mfqpr"></strong></object>