Infor and DBS Bank partner to integrate digital trade financing into global supply chains
Infor , a global provider of business cloud software specialised by industry, has partnered with DBS Bank , Southeast Asia’s largest bank, to integrate digital trade financing capabilities into the Infor Nexus global network of more than 68,000 businesses. The two companies’ first joint programme is now live with one of the world’s largest global apparel companies, providing faster and more cost-efficient digital trade financing to suppliers in the apparel company’s supply chain ecosystem. Most of these suppliers are small-to-medium-sized enterprises (SMEs). “This is an important relationship for Infor, where a common vision of data-driven financing bonds us and presses us forward,” said Gary Schneider, VP of Sales for Infor Financial Supply Chain Management. “DBS is a digital bank, based in Asia, focused on supplier funding and liquidity. Its pursuit of digital innovation and delivering greater value to supply chains, combined with our cloud-based platform and local support tea...