Gresham Computing plc and Quadrem International Limited enter into a partnership to offer banks a suite of white-labeled applications for procurement, payment and working capital finance. It will be offered by Gresham as part of the Clareti product suite.
Gresham is a specialist in real-time financial services and is a supplier of chain financing technology. Quadrem, the supply chain portal, delivers on-demand supply chain services and applications to improve sourcing, procurement, electronic invoicing and supplier relationship management.
Banks and their customers will benefit from the delivery of one seamlessly integrated application while drawing on the expertise of Gresham in supply chain financing and Quadrem in procurement and supply network technology. Banks will be able to boost supplier participation in supply chain programs with potential access to Quadrem’s on-line community of over 60,000 suppliers.
“With a combined staff of over 500 people in 25 offices around the world, the Gresham-Quadrem team is well positioned to support the complex global needs of banks and their customers,” says Andrew Walton Green, CEO of Gresham.
“We believe Gresham’s depth and expertise in financial solutions and services, and coupled with our own in procurement and supplier management, will enable banks to provide their customers a new dimension of visibility and control of their supply chain,” says Chris Haydon, senior vice president, global marketing and solutions, Quadrem.
The application is available in multiple languages and multiple currencies to take into account the unique procurement and financing rules of each region of the world.
D.C.