Infor and Integration Point partner to establish global trade management platform
Cloud applications company Infor has announced a partnership with Integration Point, with the two companies to deliver what they say is the “most comprehensive Global Trade Management solution in the market”.
The companies will provide global trade management on a shared information network that integrates all the elements of GTM – including logistics, trade finance, trade compliance, trade content, customs filing, and duty optimisation.
The global trade management capabilities are part of a broader suite of supply chain management solutions offered by Infor, including warehouse management, supply chain planning, supplier collaboration, and procure to pay automation.
Tom Barnes, CEO of Integration Point, said, “Connectivity with trading partners and regulatory agencies, together with localised knowledge, enables our customers to stay ahead of changing regulatory requirements.
“This combined solution enables customers to conduct automated due diligence for 206 countries and territories before and during the transaction lifecycle, streamlining document creation and customs clearance – thereby reducing cycle times and risk.”
According to Kurt Cavano, President of the Infor GT Nexus Commerce Network, “Trade compliance becomes more strategic when you connect it directly to your supply chain processes. Companies often experience cargo delays due to inefficient systems and processes, or overpay in duties because they’re not set up to take advantage of programs or systems that can reduce their net fees.”
The Infor GT Nexus Commerce Network provides end-to-end connectivity, visibility and collaboration with all of the parties required to manage global trade – including suppliers, customers, 3PLs (third-party logistics providers), brokers and other supply chain partners.
A full suite of advanced supply chain management solutions gives customers visibility and control across their global supply chains.