GT Nexus announced that EOS Hong Kong, provider of risk and receivables management solutions for manufacturers and suppliers, has signed on to the GT Nexus network to deliver access to trade financing for customers in the Hong Kong region.
EOS Hong Kong will leverage the cloud-based platform to deliver trade financing to support international trade flows originating in Hong Kong. EOS Hong Kong will provide direct access to financing for users of the Trade Xpress solution, a cloud-based tool offered by GT Nexus to help manufacturers and suppliers manage their orders, factories and transactions in a single dashboard.
The announcement comes as exporters face significant liquidity challenges stemming from an unstable global economy and tighter credit policies from banks.
Businesses continue to struggle to find timely and reliable cash flow solutions. GT Nexus introduces cloud-based infrastructure, automated workflow and transaction visibility into the trade financing process to enable suppliers to quickly access financing and get faster access to capital. The cloud model gives EOS visibility into trading partners to help them make better decisions in less time. This benefits everyone in the supply chain.
EOS Hong Kong is part of EOS Group, one of Europe's suppliers of non-banking financial services.
“Our customers in Hong Kong will instantly benefit from having a new option for freeing up capital from their receivables," says Sean Feeney, CEO of GT Nexus. "EOS Hong Kong will be built directly into the GT Nexus transaction flow, making the trade financing process faster and more convenient for both EOS Hong Kong and our customers.”
EOS Hong Kong will deliver services to GT Nexus customers servicing buyers in local Hong Kong, mainland China, and overseas.