In the ever-evolving global commerce landscape, efficient supply chain management has become a strategic imperative for businesses seeking to navigate complexities, optimize operations, and enhance customer satisfaction.
Enter Infor Nexus — a cloud-based platform designed to revolutionize supply chain processes by offering end-to-end visibility, robust collaboration tools, and advanced analytics that empower customers to seamlessly orchestrate their supply chain activities.
This article will discuss the key capabilities and advantages of the Infor Nexus app, how it reshapes how companies approach supply chain management, and how our team of Infor consultants can help.
What is Infor Nexus?
Infor Nexus is designed to meet customers where they are in their digital supply chain transformation process, offering an intelligent collaboration platform that brings physical and financial supply chains together, connections to critical suppliers and partners, and real-time visualization into the supply chain.
With intuitive supply chain connections, end-to-end visibility, and a single source of truth, Infor Nexus enables companies to manage and optimize their supply chain processes, proactively balance supply and demand, and gain real-time insights into critical goods, information, and capital flow.
Understanding the Core Infor Nexus Applications
Here’s a closer look at the main applications that make up the core of the Infor Nexus suite:
Supply Chain Visibility & Control
With real-time demand and supply signals and intelligent decision support tools, the Nexus platform makes it easier for users to proactively detect opportunities and disruptions to their supply chain and enhance visualization for end-to-end product and logistics flows across the entire organization.
The Visibility and Control application enables users to:
- Connect all parties on a single instance business network with multiple tiers of suppliers
- Leverage predictive insights and prescriptive recommendations to prioritize situations
- Monitor supply and demand signals in real-time and ensure on-time delivery rates
- Receive automated alerts for real or potential disruptions or opportunities
Procure-to-Pay Automation
The Nexus Procure-to-Pay Automation application creates a single source of truth across disparate systems and ERP offerings and offers advanced planning and finance capabilities to improve process efficiency and maintain data quality over time.
Here are a few key features of this application for business users:
- Integrate chargeback management to reduce cycle times and friction between trading partners
- Access global business partner onboarding and support for faster collaboration
- Facilitate end-to-end automation, including payment, invoice approval, and document matching
- Join a collaborative community of logistics and financial institutions and service providers
Global Freight Management
Infor Nexus Global Freight Management Software (FMS) is designed to connect critical activities of suppliers and international buyers through natively-built applications, improving responsiveness to demand and streamlining supply chains across large enterprises.
With Nexus Global FMS capabilities, users can:
- Synchronize multi-leg, multi-party, and global freight planning and execution
- Automate critical freight management activities and improve collaborative execution
- Leverage multi-modal rating to centralize enterprise freight rate governance and carrier contracting
- Track and trace critical line items through 3PLs, carriers, and forwarders
Supply Chain Finance
The Nexus Supply Chain Finance solution provides a networked approach to buyer-supplier-finance-provider relationships, enabling users to build innovative financing programs that free up working capital and leverage predictive intelligence tools to improve overall decision-making.
The Supply Chain Finance application allows users to:
- Minimize total cost of capital and reduce cost of goods across the supply chain
- Ensure an accurate electronic record of all supply chain activity to reduce risk
- Leverage intelligent payment protection tools to protect sellers from buyer payment default
- Access better options to obtain cash at more reasonable rates
Control Center
Infor Nexus Control Center is an intelligent supply chain tower offering real-time visualization of all supply chain activities, predictive insights, and collaborative execution tools to improve supply chain velocity and responsiveness for companies across the industrial manufacturing industry.
Main Advantages of the Infor Nexus Platform
Here are a few key advantages of the Infor Nexus platform for users across the entire supply chain:
End-to-End Visibility
The Infor Nexus platform provides real-time visibility across the entire supply chain, allowing organizations to monitor the goods movement, track inventory levels, and gain insight into their entire supply chain. This visibility helps organizations make more informed decisions and respond quickly to changes or disruptions.
Risk Management
Infor Nexus provides tools to identify and manage risks across the supply chain, including monitoring factors such as weather events, geopolitical issues, and other potential disruptions. By proactively managing risks, organizations can better prepare for and mitigate the impact of unexpected challenges.
Global Trade Compliance
Infor Nexus helps organizations navigate the complexities of international trade by assisting with compliance with trade regulations and customs requirements. This is particularly important for companies involved in cross-border transactions, helping them avoid delays and compliance issues.
Improved Collaboration
With Infor Nexus, companies can facilitate collaboration among stakeholders across the supply chain, including suppliers, manufacturers, logistics providers, and distributors, leading to more efficient and responsive supply chain operations.
Optimized Order Management
The Infor Nexus platform offers capabilities for streamlining and optimizing the order-to-cash process, leading to improved order accuracy, faster order fulfillment, and enhanced customer satisfaction.
How Can We Help?
Whether you need help implementing the Infor Nexus platform to reduce cycle times while simultaneously reducing inventory costs, additional support improving business agility for dynamic demand changes, or just an extra hand getting started with Infor, Surety Systems is here to help.
Our senior-level Infor consultant team has the knowledge, skills, and experience to handle all of your global logistics and trade processes and help you achieve continued success over time.
Getting Started with Our Team
Interested in learning how Infor Nexus can help your organization improve supply chain velocity and agility? Ready to get started on a project with our team of experienced Infor consultants?
Contact us today!
