Alameda, CA, and Charlotte, NC — June 13, 2008 — GT Nexus and Integration Point have announced a partnership to provide a range of global trade and logistics solutions that leverage the two companies' on-demand, hosted offerings. GT Nexus runs an industry-backed trade and logistics management portal and the Integration Point real-time GTM solution provides global trade compliance.
The GT Nexus Trade and Logistics Portal is used by global companies and service providers to optimize the global flow of goods and trade information from order point to final payment. GT Nexus connects the physical and financial supply chains on a single platform, allowing buyers, sellers, banks and logistics providers to work over a common platform with a core set of information that supports multiple trade and logistics functions.
Integration Point's global trade management system allows users to access global trade compliance information such as free trade agreement regulations, denied party lists, multiple country tax and compliance requirements. By integrating information from otherwise separate systems such as logistics, ERP, warehouse management and local country databases, Integration Point creates a global trade network. The system utilizes the company's own transactional trade information so that users have up-to-date information to make proactive trade decisions.
Both GT Nexus and Integration Point said they deliver their solutions on-demand over the Web. "The on-demand delivery model is no longer just a good idea, it's really happening with corporate leaders taking advantage of it and going public with results," said Aaron Sasson, CEO of GT Nexus. "Our two companies' open architecture allows us to integrate across business processes in logistics, trade and compliance. This partnership is an example of how pure-play on demand technology providers can quickly ratchet up the value proposition to customers."
Tom Barnes, CEO of Integration Point, added: "Through the integration of our networks, global corporations will be able to leverage logistics management together with global trade compliance, content and connectivity. GT Nexus shares our vision of a global trade network. Together we provide a complete and current picture of a company's trade so that they deliver the right goods at the right time at the most competitive price."
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