GT Nexus is a widely used software suite used by shippers and logistics companies to manage suppliers, supply chain visibility and global transportation execution and planning. The company was acquired by Infor, the third largest provider of enterprise resourcing planning software, in 2015.
The new tools available to GT Nexus users include a Cash Flow Manager solution that enables companies to have a single view of all approved invoices across all supply chain finance programs managed on the GT Nexus commerce network.
“GT Nexus is a single platform where suppliers can have multiple buyers on their network, enabling them to manage their outstanding invoices in a much more efficient and effective manner,” said David Gustin, co-founder of the supplier spend management analyst Trade Financing Matters. “This is a great step forward for suppliers of all sizes, but especially smaller suppliers.”
The second tool is an enhanced supply chain visualization layer that provides users a “picture of goods on order, in manufacturing, in transit, and at warehouses. Predictive outlooks help assess where inventory will be in the future, and whether it is on time, early, or late.”
The third update is an enhancement to the GT Nexus mobile tools, including the ability to:
• Review pending tasks, such as order adjustment, disputes, or invoice payment approvals awaiting action, in a downloadable app.
• Search and review orders to propose or accept changes, release invoices, review packing lists.
• Check shipment status and relay ETA to a priority customer.
• Attach an image to an order, invoice, or shipping order, or view an attachment to support an adjustment request or chargeback or where a loss or damage claim may be involved.