Imagine for a moment you’re a global business that makes widgets and sells them the world over. In order to run your business you need to connect to suppliers, design partners, distributors or banks, so you can design, manufacture and deliver your widgets efficiently. You need to have confidence that all the electronic details involved with your business (e.g. invoices, design specs, orders, payments, etc.) get through to your partners accurately, securely and timely.
The company that does this is GXS. They do this for manufacturers, retailers, financial institutions and other enterprises. It is their job to make sure when a transaction is made within a business, it is completed across the entire partner network (i.e. the supply chain). GXS handles half the world’s transactions (!) every day. They are one of the world’s largest data and transaction companies yet they are not a well-known brand. Why? This is because what GXS does happens invisibly, nearly imperceptibly, to the untrained eye.
People who are aware of GXS are in the Information Technology (IT) community. In 2011 GXS ranked 73rd in the Information Week 500, a list of the top technology innovators in the US. They ranked 3rd among IT Companies, ahead of IBM, Salesforce.com and Dell. Despite these rankings, and their early adoption of ‘cloud-based’ services way before most people even talked about cloud, and bringing data technology beyond the original Electronic Data Interchange (EDI) offerings that it began with 40 years ago – GXS is unjustly perceived as an ‘old tech provider’ in a world of newer technologies. Far from the truth!
Companies you’ve heard of like Oracle and SAP rely on companies like GXS to carry gigantic transactions and ‘Big Data’ between trading partners who use their software. Movie studios use GXS to move digital media securely; global banks rely on GXS to complete their interbank transactions. GXS ‘completes’ the relationships between all these businesses to allow them to work together. Without GXS, business doesn’t happen for 95% of the supply chains in the world. Yes, it’s that critical.
What sets GXS apart from the competition is their “GXS Trading Grid” technology. This is the world’s most powerful cloud-based technology built exclusively for B2B e-commerce. Over 400,000 businesses in 50 countries use GXS Trading Grid every day to transfer their goods, money and information with their customers, suppliers and service providers. It is an end-to-end solution for clients.
Customer benefits of using the “Trading Grid”:
- Connects to global network of businesses – GXS has a global presence in 20 countries throughout the Americas, Europe and Asia. This is a critical capability for GXS customers many of whom have multinational supply chains in which goods are manufactured in China then shipped to the EU or US for sale to an end consumer or business.
- Large selection of cloud applications to help run a business.
- Lowers Costs — By taking on the expense of managing B2B infrastructure.
- Keeps Projects on Schedule
- Improves Customer Service — Connecting companies with their customers makes a business more responsive than competitors.
- Focuses Core Business Objectives — Keeps companies focused on what they do best rather that dealing with the complexities of B2B e-commerce infrastructure.