GAITHERSBURG, MD — June 5, 2013 — GXS, a leading provider of B2B integration services, today announced that 22 of Gartner’s 2013 Supply Chain Top 25* connect through GXS Trading Grid, the company’s cloud-based integration platform. GXS Trading Grid automates supply chain processes such as procure-to-pay and order-to-cash for thousands of companies in the automotive, high tech, consumer products and retail sectors.
“At the heart of the Supply Chain Top 25 is the notion of demand-driven leadership,” said Debra Hofman, managing vice president at Gartner*. “We’ve been researching and writing about demand-driven practices since 2003, highlighting the journey companies are taking from the old ‘push’ model of supply chain to one that integrates demand, supply and product into a value network that orchestrates a profitable response to ever-shifting changes in demand.*”
GXS Trading Grid enables customers in industries including automotive, retail, high tech and consumer products to exchange information electronically with their customers and suppliers. Companies use Trading Grid to share information such as electronic product catalogues, inventory reports, purchase orders, shipment notices, invoices and remittance advices using popular standards such as EDI and XML. By eliminating time-consuming and error-prone communication methods such as e-mails, faxes and phone calls, B2B integration reduces not only the cost of information exchange, but the latency of data flow between business partners.
“The leaders have gone beyond the theory and are now deploying the capabilities that others are just starting to consider,” said Stan Aronow, research director at Gartner*. “In doing so, they are finding new and creative ways to use these capabilities, exploring synergies and opportunities they hadn’t necessarily anticipated in advance. Leaders are discovering that the combination of capabilities they are now implementing brings them to a new frontier of performance, and affords them an entirely new toolbox with which they can orchestrate the optimisation of their business and leap ahead of the competition.”
The Supply Chain Top 25 rankings comprise two main components: financial and opinion. Public financial data gives a view into how companies have performed in the past, while the opinion component provides an eye to future potential and reflects future expected leadership, a crucial characteristic. These two components are combined into a total composite score. Gartner analysts derive a master list of companies from the Fortune Global 500 and the Forbes Global 2000, with a revenue cutoff of $10 billion. Gartner then pares the combined list down to the manufacturing, retail and distribution sectors, thus eliminating certain industries, such as financial services and insurance.
GXS is a leading B2B integration services provider and operates the world’s largest integration cloud, GXS Trading Grid®. Our software and services help more than 550,000 businesses extend their partner networks, automate receiving processes, manage electronic payments, and improve supply chain visibility. GXS Managed Services, our unique approach to improving B2B integration operations, combines GXS Trading Grid® with our process orchestration services and global team to manage a company’s multi-enterprise processes. Based in Gaithersburg, Maryland, GXS has direct operations in 20 countries, employing more than 2,800 professionals. To learn more, see www.gxs.co.uk, read our blog at www.gxsblogs.com, follow us on Twitter at twitter.com/gxs and join us on LinkedIn at www.linkedin.com/company/gxs. You can also access our public filings with the Securities and Exchange Commission at www.sec.gov/edgar.shtml.
This press release may contain “forward-looking statements.” All statements, other than statements of historical facts that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are affected by risks, uncertainties and assumptions, including but not limited to those set forth in the company’s public filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Accordingly, actual results or outcomes may differ materially from those expressed in the forward-looking statements. You should not place undue reliance on these statements and the company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances that may arise.
*Source – Gartner press release issued May 23, 2013 “Gartner Announces Rankings of Its 2013 Supply Chain Top 25”
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