Standard Chartered and Infor announce strategic agreement

By Sean Galea-Pace
Standard Chartered and Infor has announced a strategic agreement to introduce the Infor Nexus network to the bank’s clients. What is Infor Nexus? In...

Standard Chartered and Infor has announced a strategic agreement to introduce the Infor Nexus network to the bank’s clients.

What is Infor Nexus?

Infor Nexus is the world’s leading network for multi-enterprise supply chain orchestration. The network connects businesses to their entire supply chain network - from suppliers, manufacturers, brokers, 3PLs and banks - which allows for enhanced supply chain visibility, collaboration and predictive intelligence. As the only network of its type, Infor Nexus merges physical and financial supply chain processes to create a unified, cloud-based platform. 

Infor Nexus is recognised in the leader’s quadrant of Gartner’s “Magic Quadrant for Multienterprise Supply Chain Business Networks” report. In the report, Gartner said: “Collecting data and sensing signals in real time, and then coordinating, executing and resolving issues quickly, will allow for companies to operate their supply chains more effectively.” 

SEE ALSO:

What does this agreement mean?

The deal will see Standard Chartered refer clients to Infor and its network based on specific needs. This will enable benefit from automated matching and digitised documentation and processes delivered on Infor’s network of 65,000 businesses worldwide. 

Michael Sugirin, global head of open account trade product management at Standard Chartered, commented: “As our client’s trusted banking partner, our goal is to support them in their digitalisation journey through expediting their payables acceptance and facilitating export proceeds, and as a result improve their working capital cycles. We are excited to have this introduction agreement in place with Infor, whose platform offering not only fits well with our emerging markets footprint, which generates significant trade documents flows, but also shares a similar commitment in supporting the development of sustainable, intelligent supply chains.”

For more information on all topics for Procurement, Supply Chain & Logistics - please take a look at the latest edition of Supply Chain Digital magazine.

Follow us on LinkedIn and Twitter.

Share

Featured Articles

Weekly news round-up across supply, logistics & procurement

CIPS chief in supply cash-flow warning; Women do better in large firms - Gartner; Accenture Euro chief's Ukraine advice; Dell supply head's green goals

UST webinar on managing supply risk available on-demand

Global CPO David Loseby and UST's Jonathan Colehower share insight on using technology, both to mitigate supply chain risk and to gain supply visibility

Global land, sea and air logistics news round-up

Global logistics IoT spend ‘will top $32bn by 2032’; UN $10mn grant for explosion-hit Port of Beirut; Costa Rica ransomware attack causes ports chaos

Comfort zones the enemy of sustainability - CIPS economist

Sustainability

Women in supply fare better in large firms - Gartner report

Digital Supply Chain

What can be done to avert food catastrophe foreseen by UN?

Logistics