Digital trade platform rich with physical & financial supply chain data creates new opportunities to fund suppliers

NEW YORK / SINGAPORE - MediaOutReach - July 23, 2020 - Infor, a global leader in business cloudsoftware specialized by industry, today announced that it is partnering with DBSBank, SoutheastAsia's largest bank, to integrate digital trade financing capabilities into theInfor Nexus global network of more than 68,000 businesses. The two companies'first joint program recently went live with one of the world's largest global apparelcompanies, providing faster and more cost-efficient digital trade financing tosuppliers in the apparel company's supply chain ecosystem, which comprisesmostly small-to-medium-sized enterprises (SMEs).

"Thisis an important relationship for Infor, where a common vision of data-drivenfinancing bonds us and presses us forward," said Gary Schneider, Vice Presidentof Sales for Infor Financial Supply Chain Management. "DBS is a digital bank,based in Asia, focused on supplier funding and liquidity. Its pursuit of digitalinnovation and delivering greater value to supply chains, combined with ourcloud-based platform and local support team around the globe, makes for apowerful partnership at a time when liquidity is a top priority for everyone."

SriramMuthukrishnan, Group Head of Trade Product Management, DBS Bank, said, "Wecontinue to accelerate the deployment of our market-leading supply chainfinancing and digital capabilities to ensure steady financing to SME suppliersduring these times of stress.  Data formsthe backbone of a successful digital strategy and its impact across multipleindustries globally has been growing exponentially.

"Ourcollaboration with Infor enables greater transparency into complex supplychains and provides insights into the transaction patterns between an anchorand its ecosystem of suppliers," he noted. "We leverage these insights to providequicker and more cost-efficient financing to suppliers much earlier in thecycle, as compared to conventional post-shipment supplier financing programs.This is especially relevant today, as we continue to operate in an environmentcharacterized by prolonged trade disruptions and tighter credit lines, whereoptimal working capital management is key to survival."

Thetwo companies' next joint program for pre-shipment finance, expected to launch inlate 2020, will utilize supply chain data as the primary conduit to assess riskand credit worthiness, as opposed to traditional models that result in themajority of suppliers being under-funded or facing challenges to accessnecessary capital. Infor provides extensive supply chain data, includinghistoric and real-time milestone information on the physical movement of goods,to enable a data-driven representation of a supplier's performance and creditrisk.

According to a research report fromAite Group analyst Enrico Camerinelli (The Supply Chain Bank, 2018), "Inthe next three years, the competitive frontier in corporate lending and supplychain finance will be the creation of innovative credit risk models that bankswill use to leverage corporate supply chain process data. Banks will captureand analyze events in the physical supply chain (source-to-pay, order-to-cash)in order to generate a more comprehensive and realistic representation of acompany's risk profile."

Additional Resources

Watch the SCF Community's recent webinar, "New ways to finance SMEs," during which Infor and DBS discuss innovativesupplier financing tools to help reduce supply chain risk and friction. 

Media contacts:

Steve Bauer

Infor

(628) 444-5101 (office)

(650) 670-7135 (mobile)

steven.bauer@infor.com

Phyllis Tan

Infor

+65 9799 9133 (mobile)

phyllis.tan@infor.com

Michelle Tan

Group Strategic Marketing and Communications

DBS Bank

+65 9770 1886

michelletanyz@dbs.com

About DBS

DBSis 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 ofgrowth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1"credit ratings are among the highest in the world.
DBS provides a full range of services in consumer, SME and corporate banking.As a bank born and bred in Asia, DBS understands the intricacies of doingbusiness in the region's most dynamic markets. DBS is committed to buildinglasting relationships with customers, and positively impacting communitiesthrough supporting social enterprises, as it banks the Asian way. It has alsoestablished a SGD 50 million foundation to strengthen its corporate socialresponsibility efforts in Singapore and across Asia.
With its extensive network of operations in Asia and emphasis on engaging andempowering its staff, DBS presents exciting career opportunities. The bankacknowledges the passion, commitment and can-do spirit in all our 28,000 staff,representing over 40 nationalities. For more information, please visit www.dbs.com.

About Infor

Infor is aglobal leader in business cloud software specialized by industry. With 17,300employees and over 68,000 customers in more than 170 countries, Infor softwareis designed for progress. To learn more, please visit www.infor.com.

Inforcustomers include:

• The top 20 aerospace companies
• 9 of the top 10 high tech companies
• 14 of the 25 largest U.S. healthcaredelivery networks
• 19 of the 20 largest U.S. cities
• 18 of the top 20 automotive suppliers
• 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 luxury brands