Infor Nexus and DBS Bank have unveiled a pre-shipment financing solution for small and medium-sized enterprises (SME) suppliers within the Infor Nexus supply chain ecosystem. This innovative offering leverages historical data from Infor Nexus to provide data-driven lending solutions, aiding suppliers in meeting their working capital needs. What sets it apart is that it enables suppliers to use improved cash flows to fulfil orders before goods reach buyers, a significant departure from post-shipment financing solutions currently available.
This latest trade financing solution completes the entire pre-shipment and post-shipment financing cycle, establishing a robust end-to-end digital working capital financing solution. The solution draws upon DBS Bank’s industry-leading digital trade financing capabilities, which have been seamlessly integrated into the Infor Nexus network since 2020. The bank will utilise alternative supply chain data, including historical and real-time milestone information, to evaluate the risk and creditworthiness of suppliers.
This trade financing solution is initially available to SMEs in India, particularly in the apparel, footwear, and textile industries, significant sectors of the economy. As part of the Infor Nexus ecosystem, DBS Bank will underwrite trade financing facility applications for prospective SME suppliers based on analytics-driven data, minimising the reliance on traditional documentation. This approach alleviates cash flow needs that typically arise between shipment, delivery, and payment receipt.
Divyesh Dalal, MD and Head of Global Transaction Services at DBS Bank India, emphasised the importance of working capital for small businesses, praising the innovative end-to-end working capital finance offering. He highlighted how it addresses cash flow needs and facilitates timely export proceeds collection through Infor Nexus, noting that the availability of Purchase Order finance fills a long-standing need for SME/MSME manufacturers.
Gary Schneider, VP Financial Services at Infor Nexus, highlighted how this offering transforms supply chain finance by integrating pre-to-post shipment financing, enhancing supply chain efficiency and suppliers’ cash flow. Schneider expressed excitement about the partnership with DBS Bank, Southeast Asia’s largest bank, as it brings a dependable and efficient source of capital to customers, expanding the range of attractive supplier financing options on its platform.
DBS Bank’s commitment to supporting SMEs is further bolstered by its extensive branch network in India, providing physical touchpoints complementing its digital offerings. The bank’s ecosystem partnerships aim to unlock growth opportunities and empower enterprises in a dynamic economic landscape.
