US-based Infor Nexus and DBS Bank have introduced pre-shipment financing for small and medium-sized enterprises (SME) suppliers in the former’s supply chain ecosystem.
Through the partnership, both parties aim to improve SME cashflows with data-based trade financing solutions.
By leveraging historical data from the Infor Nexus platform, the new offering provides data-based lending solutions to support suppliers in addressing the requirements of working capital.
The pre-shipment financing solution will enable suppliers to utilise their improved cashflows to fulfill orders prior to the delivery of goods to buyers.
Besides, the latest trade financing offering completes the full pre-shipment and post-shipment financing cycle by providing a strong end-to-end digital working capital financing solution.
The offering is built upon the digital trade financing capabilities of DBS Bank, which have been seamlessly integrated into the Infor Nexus network since 2020.
Infor Nexus financial services vice president Gary Schneider said: “This new offering demonstrates how data can transform supply chain finance. The pre-to-post shipment financing will enable Infor Nexus to provide a complete and integrated solution to improve supply chain efficiency and suppliers’ cash flow.
”By partnering with DBS, Southeast Asia’s largest bank, we will bring a dependable and efficient source of capital to our customers, extending the range of attractive supplier financing options, such as purchase order financing, invoice invoicing and sustainable supply chain financing, to deliver added value to more suppliers on our platform.”
DBS Bank will employ alternative supply chain data, including historical and real-time milestone information on the physical transportation of goods from the Infor Nexus platform.
The new solution is extended to SMEs in India. DBS Bank, as part of the Infor Nexus ecosystem, will underwrite potential SME suppliers’ trade financing facility applications.
DBS Bank India global transaction services managing director and head Divyesh Dalal said: “DBS Bank understands the critical importance of working capital requirements for small businesses to scale up in their respective industries.
”The innovative e2e working capital finance offering will not only address the manufacturer’s cashflow needs to produce goods (per PO) but also enable them to collect export proceeds in a timely and cost-effective manner through a trusted partner – Infor Nexus.”
