NEW YORK, Feb. 5, 2018 /PRNewswire/ -- Infor, a leading provider of industry-specific cloud applications, today announced a partnership with Integration Point, a leading provider of Global Trade Management (GTM) solutions, whereby the two companies will deliver the most comprehensive Global Trade Management solution in the market.
Infor and Integration Point 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 optimization. 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 localized 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.
By weaving Integration Point's trade content and compliance data into transactions managed on the GT Nexus Commerce Network, the solution streamlines processes and helps ensure that transactions are complete and compliant with the countless array of trade regulations and filing requirements that importers and exporters must deal with on a daily basis.
With the Integration Point FTA (Free Trade Agreement) and FTZ (Foreign Trade Zone) programs and the Infor solutions, customers can maximize duty savings.
The combined Infor GT Nexus and Integration Point solution is the broadest suite on the market, featuring the most extensive, up-to-date trade content database available today. This empowers businesses to make better informed, more strategic decisions for their supply chain and trade compliance operations.
To learn more about Infor GT Nexus Global Trade Management solutions, read the white paper, "Global trade management will save you from overpaying on duties."
.@Infor and Integration Point @GlobalTradeNews partner to deliver comprehensive Global Trade Management #globaltrade solution http://bit.ly/2rNRsDL @InforGTNexus
About Integration Point
Integration Point offers a comprehensive suite of global trade management products encompassing all industries, geographies, and trade programs. By deliver visibility and localized knowledge for over 200+ countries and territories on a single, web-based platform, Integration Point enables over 600 companies worldwide to achieve global compliance while maximizing supply chain savings. Integration Point provides solutions for import/export management, product classification, free trade agreement qualification, export screening, drawback, foreign-trade zone operations plus other duty deferral programs, supply chain security, and post entry validation. With 645 team members across every major continent, Integration Point ensures clients combine local best practices with global standards when deploying a global trade management platform. Contact Integration Point at http://www.IntegrationPoint.com.
About the Infor GT Nexus Commerce Network
The Infor GT Nexus Commerce Network is the world's largest cloud-based, multi-enterprise commerce network for global trade and supply chain management. Over 55,000 businesses across industry verticals, including adidas Group, Caterpillar, Columbia Sportswear, DHL, Electrolux, Levi Strauss & Co., Nestlé, and Puma share GT Nexus as their standard, multi-enterprise collaboration platform. This enables all network participants to operate with a core, real-time, and always-on set of information across multiple supply chain functions. The platform helps customers optimize the flow of goods, funds and trade information, from the point of order, through final payment. For more information, please visit www.gtnexus.com.
Infor builds business software for specific industries in the cloud. With 16,500 employees and over 90,000 customers in more than 170 countries, Infor software is designed for progress. To learn more, please visit www.infor.com.
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