GT Nexus reports that the amount of ocean and air transportation spending managed on its Trade and Logistics Portal surpassed the US$10bn mark in 2009. The volume was calculated from the collective buying power of all GT Nexus customers, who share a single web platform to manage transportation rates.
Major shippers that use the GT Nexus Portal include Nestlé, Hewlett Packard, The Home Depot, Caterpillar, Liz Claiborne, DHL, Weyerhaeuser, and Procter & Gamble.
The ever-increasing complexity of international supply chains makes it extremely challenging for large shippers to effectively procure services and manage global freight spending. Most companies still rely on Excel spreadsheets, which quickly become out of date. With the GT Nexus freight contracting capabilities, shippers can dynamically execute a better transportation plan at lower cost through ongoing online evaluation of offers, strategic allocation optimisation, and freight audit.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more