Simplex has announced it will partner with Burns Financial eXchange to offer working capital finance as a value-added service across the Burns Business Exchange (beX). Launched in 2001, beX provides companies and their trading partners with their own private real-time exchange anywhere in the world to facilitate effective transaction process management. beX now has over 34,000 trading partners across Europe and processes over 5 million transactions per annum with a value of over €8bn. Through Simplex’s working capital finance hub (WCF hub), beX customers will be able to access reduced cost working capital finance with no additional connectivity requirements.
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