Demica, a working capital management specialist based in London, has signed an alliance with Advanced Data Exchange (ADX), in order to offer their respective solutions in supply chain financing and business-to-business integration services to customers across Europe and the US.
The alliance aims to improve financial relationships between trading partners through jointly managing invoice management and financing and the electronic exchange on information in the supply chain.
Under the terms of the agreement, Demica and ADX will market each of their own solutions to their existing client base, as well as collaborate on joint supply chain management initiatives.
"This is an exciting move for Demica as it enables us to build on our core strengths and expand our offering along the supply chain - taking the logical step from financing payables and receivables to also financing purchase orders,” comments Phillip Kerle, chief executive officer at Demica.
“Furthermore, we can confidently expand into a new but related market - business integration services - with the support and experience of one of the market leaders. In essence, this alliance helps both parties provide a more compelling and complete service to the supply chain,” he adds.
“Extending our supply chain services to finance is actually a natural extension for ADX, as we already facilitate the flow of information in key supply chain processes such as order management and invoice presentment,” comments Walt Borland, president and CEO at ADX.
“We are confident that Demica's market-proven Citadel platform and their unrivalled expertise in receivables financing will make a powerful addition to our leading supply chain management capabilities,” he concludes.
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