CGI, GXS Team Up for Supply Chain Finance Solution

GXS, a global provider of business-to-business e-commerce services, is partnering with , a provider of information technology and business process services, on solutions for financial supply chain management. The two companies will integrate their services to provide an end-to-end supply chain finance (SCF) solution to financial institutions.

According to the companies, new offering will leverage GXS Trading Grid, the a B2B integration services platform, and will be part of CGI's global trade and SCF bank offering, Proponix360.

The new, joint solution will be designed to provide financial institutions with a complete SCF solution that incorporates online connectivity between buyers and suppliers to facilitate increased collaboration between both parties. GXS will provide the supplier portal functions needed to offer invoice financing and reverse factoring when connectivity to the supplier is not provided by a buyer collaboration platform.

The combined service is also a software-as-a-service (SaaS)-based solution that will help reduce implementation timeframes for financial institutions and their corporate clients.

CGI's Proponix360 is a SaaS-based trade and supply chain platform with integrated traditional trade, open account and cash management capabilities. GXS Trading Grid connects buyers and suppliers enabling them to transact with one another using their own preferred standards or protocols and masking the complexities therein. GXS also helps to facilitate interoperability between a bank's trade application, Proponix360, and the ERP systems of corporate clients.