Boosting customer business value through the power of Infor Nexus
SHENZHEN, CHINA - MediaOutReach - 28 June 2019 - Infor, a global leader in business cloud software specialized by industry, announceda new partnership with Linklogis, which will leverage the Infor Nexus platform to power a suite of financial service solutions designed toreinforce the supply chains of small and medium-sized upstream suppliers that aretraditionally underfunded and overlooked. By connecting them with timelycapital, Linklogis and Infor are working together to address that gap,mitigating risk and reducing costs in the supply chain.
As a pioneer in the supply chain financial (SCF) technology sector,Linklogis utilizes advanced technology including big data, AI and blockchain tostrengthen cross-border supply chains for large and medium-sized enterprises.Drawing on a wealth of experience in the financial technology sector,Linklogis' innovative products and supply chain financial services enable SMEsto realize greater business value.
Infor Nexus is the world's largest B2B supply chain platform, empoweringenterprises to digitalize their end-to-end supply chain processes, gainreal-time visibility of all supply chain events, and take advantage ofdata-driven insights across internal systems as well as their entirenetwork.
The first solution of its kind to combine artificial intelligence, Internetof Things (IoT) and advanced visualization technology, Infor Nexus providesreal-time visibility and predictive intelligence through an end-to-endcollaborative network. It currently manages more than $1 trillion in trade for65,000 corporate customers and handles more than $50 billion in payments.
The new partnership between Infor and Linklogis will open Infor Nexus's SCFfintech solutions to a host of new suppliers, bringing both parties together intheir mission to deliver technology-driven supply chain financing solutionsthat will help suppliers expand their reach.
"As a SCF fintech solutions provider, we are always pursuing partnershipsthat will integrate our solutions into B2B networks," said James Li, CEO ofLinklogis. "We believe our partnership with Infor will leverage strengths fromboth sides, resulting in valuable synergy for clients on the Infor platform.Our focus remains on innovative fintech solutions that will help thousands ofSME suppliers secure financing on B2B networks, facilitating business expansion."
Rod Johnson, SVP of manufacturing and supply chain at Infor, commented,"The majority of suppliers in today's global supply chain remain underfunded,and obtaining timely capital remains an ongoing challenge. By providing adigital platform that connects buyers and suppliers with innovative financeproviders like Linklogis, we open new opportunities for business growth, aswell as enhanced efficiency and cost savings. This offers reciprocal benefits:suppliers can obtain a reliable source of capital at competitive rates; buyerscan eliminate supplier-related risk to improve the health of the supply chainand better serve customers; and finance providers can foster new revenuestreams in global trade."
Since its inception in 2016, Linklogis has grown exponentially and is nowone of China's largest business-to-business focused independent supply chainplatform. Linklogis aims to accelerate and develop new growth engines,including cross-border solutions for businesses importing into and exportingout of China.
Infor is a global leader in business cloud software specialized byindustry. With 17,300 employees and over 68,000 customers in more than 170countries, Infor software is designed for progress. To learn more, please visitwww.infor.com.
Infor customers include:
- The top 20 aerospace companies
- 9 of the top 10 high techcompanies
- 14 of the 25 largest U.S.healthcare delivery networks
- 19 of the 20 largest U.S. cities
- 18 of the top 20 automotivesuppliers
- 14 of the top 20 industrialdistributors
- 13 of the top 20 global retailers
- 4 of the top 5 brewers
- 17 of the top 20 global banks
- 9 of the 10 largest global hotelbrands
- 7 of the top 10 global luxurybrands
This announcement reflectsthe direction Infor may take with regard to the specific product(s) describedherein, all of which is subject to change by Infor in its sole discretion, withor without notice to you. This announcement is not a commitment to you inany way and you should not rely on this document or any of its content inmaking any decision. Infor is not committing to develop or deliver anyspecified enhancement, upgrade, product or functionality, even if such isdescribed in this announcement and even if such description is accompanied bywords such as "anticipate," "believe," "expect," "intend," "may," "plan,""project," "predict," "should," "will," and/or similar expressions. Manyfactors can affect Infor's product development plans and the nature, contentand timing of future product releases, all of which remain in the solediscretion of Infor. This announcement, in whole or in part, may not beincorporated into any contractual agreement with Infor or its subsidiaries oraffiliates. Infor expressly disclaims any liability with respect to thisannouncement.